Case Details
Case Name: Oriental Bank of Commerce (Now Punjab National Bank) vs M/s Simbhaoli Sugars Ltd
Court/Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Case Number: CP (IB) No. 331/ALD/2018
Interlocutory Applications: IA No. 80/2026, IA No. 94/2026 & IA No. 99/2026
Date of Order: 25th May, 2026
Under Section: 7 IBC (Insolvency and Bankruptcy Code)
Status: Corporate Insolvency Resolution Process (CIRP) initiated in 2018
Parties Involved
Petitioner: Oriental Bank of Commerce (Now Punjab National Bank)
Respondent: M/s Simbhaoli Sugars Ltd
Regulatory Body: Office of Cane Commissioner, Sugar and Cane Department, U.P. (appearing through counsel in IA No. 94/2026)
Tribunal Members: Ms. Reeta Kohli (Hon'ble Member - Judicial), Shri Ashish Verma (Hon'ble Member - Technical)
Legal Counsel: Sh. Shivam Shukla, Advocate (for Office of Cane Commissioner in IA No. 94/2026)
Final Ruling & Enforcement
The National Company Law Tribunal Allahabad Bench adjourned the hearing of this matter to 9th June, 2026. The adjournment was granted at the request made by the Learned Counsel representing the Interim Resolution Professional (IRP). The matter will be heard before the Regular Bench on the next date of hearing.
The order was signed by both tribunal members and recorded by stenographer Avaneesh Kumar Singh. The case involves multiple interlocutory applications that remain pending before the tribunal.