Authority: National Company Law Tribunal Allahabad Bench, Prayagraj
Order Date: 10th June, 2026
Case Overview
This hearing concerns IA No.168/2024 & IA No.135/2025 in the main insolvency petition CP (IB) No.25/ALD/2023. The proceedings involve The Administrator of The Specified Undertaking of The Unit Trust of India (SUUTI), represented by Mr. Purushottam M. Bandekar, as the financial creditor versus M/S Usha India Limited as the corporate debtor. The case is being heard under Section 7 of the Insolvency and Bankruptcy Code (IBC) and the corporate debtor is currently under Corporate Insolvency Resolution Process (CIRP).
Final Outcome
The Tribunal adjourned the matter to 22nd July, 2026. This adjournment was granted based on a request from the counsel representing the Liquidator, who sought time to obtain latest instructions from the Liquidator. The order was signed by both members of the division bench: Sh. Ashish Verma (Member Technical) and Sh. Praveen Gupta (Member Judicial).
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor