Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 12th 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, heard matter CP (IB) No.50/ALD/2026. The case involves Unity Small Finance Bank Limited as the financial creditor versus Rakesh Kumar Goel, who is the personal guarantor of M/S HQ Lamps Manufacturing Co Pvt. Ltd. The proceeding was initiated under Section 95(1) of the Insolvency and Bankruptcy Code (IBC). Sh. Prakhar Shukla, Advocate, appeared for the financial creditor.
Final Outcome
The tribunal adjourned the hearing to 8th July, 2026. The adjournment was granted at the request of the learned counsel representing the financial creditor. No substantive order was passed on the merits of the case during this hearing.
Topics: Insolvency Proceeding, Personal Guarantee, Banking