Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 10th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard multiple Interlocutory Applications (IA No.138/2025, IA No.250/2025, IA No.469/2025, IA No.790/2025, IA No.877/2025, IA No.75/2026, IA No.227/2026, IA No.236/2026 & IA No.315/2026) in the main Company Petition CP (IB) No.01/ALD/2024. The petition was filed by Small Industries Development Bank of India (SIDBI) against M/s Bhartiya Micro Credit under Section 7 of the Insolvency and Bankruptcy Code, 2016, and the corporate debtor is undergoing Corporate Insolvency Resolution Process (CIRP).
Final Outcome
The Bench comprising Sh. Praveen Gupta (Member Judicial) and Sh. Ashish Verma (Member Technical) adjourned the matter to 10th August, 2026, citing paucity of time as the reason for not being able to take up the case during the current hearing.
Topics: Insolvency Proceeding, Banking Dispute