Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj; Division Bench comprising Shri Praveen Gupta (Member - Judicial) and Shri Ashish Verma (Member - Technical)
Order Date: 29th June 2026
Case Overview
The order pertains to CP (IB) No.41/ALD/2023, an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The operational creditor in the matter is M/s Venkatalakshmi Trading Company. The corporate debtor is M/s Kumar Audyogik Vikas Pvt. Ltd. Counsel for the operational creditor is Sh. V V S N Raju, Advocate. Counsel for the corporate debtor is Sh. Vedant Agarwal, Advocate. The order sheet from the hearing on 29th June 2026 records the attendance of these parties.
Final Outcome
Upon the request of the learned counsels representing both parties, the NCLT Bench adjourned the matter. The final hearing has been rescheduled and is now listed high on board for 28th July 2026. No other directions were issued, and the matter remains pending.
Topics: Insolvency, NCLT, Legal Proceedings