Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench comprising Sh. Praveen Gupta (Hon'ble Member Judicial) and Sh. Ashish Verma (Hon'ble Member Technical)
Order Date: 9th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard CP (IB) No.57/ALD/2025, an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) against Shardaa Infrastructure Developers Private Limited. The matter came up for hearing on 9th June, 2026. No representative or counsel appeared for the Operational Creditor. However, Sh. S.K. Vishwakarma, Advocate, appeared physically representing the Corporate Debtor, Shardaa Infrastructure Developers Private Limited.
Final Outcome
The Bench adjourned the matter in the interest of justice. The next hearing is scheduled for 5th August, 2026. No substantive order was passed on the merits of the case.
Topics: Insolvency Proceedings, Corporate Debtor, NCLT Adjournment