Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 12th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard multiple applications (CA No.304/2019, IA No.526/2023, IA No.103/2024, IA No.152/2024, IA No.418/2024 & IA No.256/2025) in the main matter CP (IB) No.133/ALD/2017. The case involves Shamken Multifab Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, which is currently in liquidation. The Asset Reconstruction Company (India) Limited is the applicant versus Shamken Multifab Limited. UCO Bank appeared as a party to the proceedings through its counsel.
During the hearing, Proxy Counsel Anant Jain representing the Liquidator sought an adjournment on two grounds: the unavailability of the learned arguing counsel for the Liquidator, and the absence of a filed vakalatnama or memo of appearance by the counsel. The Tribunal noted these procedural deficiencies and advised the counsel to appear at the next hearing after completing the necessary documentation.
Final Outcome
The NCLT Bench comprising Member (Judicial) Praveen Gupta and Member (Technical) Ashish Verma adjourned all applications to 29th July, 2026. The Tribunal directed all parties to complete their pleadings by exchanging documents with each other before the next hearing date. This order represents a procedural adjournment to allow for proper representation and completion of documentation requirements.
Topics: Corporate Insolvency, Liquidation Proceedings, NCLT Hearing