NCLT Adjourns Spectrum Infoweb Guarantors' Insolvency Hearing

Case Details

Case Name: Bank of Maharashtra v/s Dheeraj Sharma (Personal Guarantor of M/s. Spectrum Infoweb Solutions Pvt. Ltd.) and Anuj Yadav (Personal Guarantor of M/s. Spectrum Infoweb Solutions Pvt. Ltd.)

Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj

Case Numbers:

• IA No.151/2026 in CP (IB) No. 107/ALD/2024 (Item No.116)
• CP (IB) No.109/ALD/2024 (Item No.117)

Date of Order: 25th May, 2026

Bench:

• Ms. Reeta Kohli, Hon'ble Member (Judicial)
• Shri Ashish Verma, Hon'ble Member (Technical)

Under Section: 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) - in the Process of Insolvency Resolution for Personal Guarantors (PIRP)

Parties Involved

Petitioner/Applicant: Bank of Maharashtra

Respondents/Personal Guarantors:

• Dheeraj Sharma (Personal Guarantor of M/s. Spectrum Infoweb Solutions Pvt. Ltd.)
• Anuj Yadav (Personal Guarantor of M/s. Spectrum Infoweb Solutions Pvt. Ltd.)

Corporate Debtor: M/s. Spectrum Infoweb Solutions Pvt. Ltd.

Counsel Appeared:

• Sh. Vaibhav Krishan Dayma, Adv. (For the Applicant)
• Sh. Shivam Gautam, Adv. (For the Resolution Professional)

Order

The matters were listed before a Special Bench of the NCLT. The bench passed a procedural order adjourning both connected matters for further hearing. The next hearing is scheduled for 22nd July, 2026, before the Regular Bench. A photocopy of this order is to be placed on record in both connected matters.

Final Ruling & Enforcement

The order is purely procedural, adjourning the hearing without any substantive ruling on the merits of the case. No findings, observations, penalties, or directions were issued in this order. The matters remain pending for further hearing on the adjourned date.