Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 9th June, 2026
Case Overview
This hearing concerned Interlocutory Application (IA) No.577/2025, which is one of several IAs filed in the main case RCP (IB) No.01/ALD/2024 IN CP (IB) No.34/ALD/2022. The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Future Petrochem Pvt. Ltd. against Kapasi Infracon LLP. A Resolution Plan for Future Petrochem Pvt. Ltd. has already been approved, and a Monitoring Committee has been constituted to oversee its implementation. IA No.577/2025 is now required to be pursued by this Monitoring Committee.
Final Outcome
The two-member bench, comprising Member (Judicial) Sh. Praveen Gupta and Member (Technical) Sh. Ashish Verma, adjourned the hearing for IA No.577/2025 to 5th August, 2026. The tribunal directed all respondents, who are members of the Monitoring Committee, to file their replies to the application within two weeks. An advance copy of the reply must be provided to the counsel representing the applicant (the Monitoring Committee).
Topics: Insolvency Proceeding, NCLT Order, Monitoring Committee