Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 8th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench, comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma, addressed multiple Interlocutory Applications (IAs) in connection with Company Petition (IB) No.32/ALD/2024. The petition was filed by Small Industries Development Bank of India (SIDBI) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Hi Tech Ferrous & Non Ferrous India Private Limited. The corporate debtor, Hi Tech Ferrous & Non Ferrous India Private Limited, is currently under the Corporate Insolvency Resolution Process (CIRP).
A total of 23 Interlocutory Applications were listed for hearing: IA No.134/2025, IA No.260/2025, IA No.261/2025, IA No.423/2025, IA No.427/2025, IA No.430/2025, IA No.504/2025, IA No.505/2025, IA No.525/2025, IA No.526/2025, IA No.527/2025, IA No.824/2025, IA No.864/2025, IA No.140/2026, IA No.169/2026, IA No.170/2026, IA No.274/2026, IA No.275/2026, IA No.276/2026, IA No.277/2026, IA No.278/2026, and IA No.279/2026.
Final Outcome
The Bench could not take up the matter for hearing due to paucity of time. Accordingly, all applications and the main petition were adjourned to the next date of hearing on 3rd August, 2026. No substantive orders were passed, and the matter remains pending before the Tribunal.
Topics: NCLT Proceedings, Insolvency Petition, Hearing Adjournment