Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 6th July, 2026
Case Overview
The order pertains to Interlocutory Applications IA No.374/2023 and IA No.670/2023, which are filed within the main insolvency petition CP (IB) No.131/ALD/2017. The corporate insolvency resolution process was initiated against Shamken Spinners Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The applicant in the case is Asset Reconstruction Company (India) Limited. The company has now entered the liquidation stage, as indicated by the '(IN LIQUIDATION)' notation.
Final Outcome
The tribunal did not pass any substantive order on the merits of the applications. The hearing was re-notified and adjourned to the next date, which is 5th August, 2026. The order is purely procedural, directing the next date of hearing.
Topics: Insolvency, Liquidation, NCLT