Authority: National Company Law Tribunal Allahabad Bench, Prayagraj
Order Date: 10th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard CP (IB) No.32/ALD/2026, an insolvency petition filed by Union Bank of India (Financial Creditor) against Sampraash Foods Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The hearing was presided over by a Division Bench consisting of Sh. Praveen Gupta, Hon'ble Member (Judicial) and Sh. Ashish Verma, Hon'ble Member (Technical).
Counsel for the Financial Creditor, Sh. Sandeep Arora, appeared through physical/virtual hearing. There was no representation on behalf of the Corporate Debtor (Sampraash Foods Limited), nor had any reply been filed in response to the petition.
The Financial Creditor's counsel reported that service of notice had been effected upon the respondents through two modes: email and speed post. While service via speed post was returned unserved, service via email was successfully completed. An affidavit of service confirming this had been filed with the Tribunal.
Final Outcome
The Tribunal granted the Corporate Debtor a final opportunity to file a reply, directing that any response must be filed positively within two weeks with an advance copy supplied to the Financial Creditor. The matter was adjourned for further hearing and is scheduled to come up higher on the Board on 13th July, 2026.
Topics: Insolvency Proceeding, Banking Debt, Corporate Default