Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 11th June, 2026
Case Overview
This hearing concerned IA No.387/2026, an Interim Application filed within the main insolvency proceeding CP (IB) No.280/ALD/2018. The application was filed under Section 66 of the Insolvency and Bankruptcy Code (IBC). The matter involves the corporate debtor, M/S Juggilal Kamlapat Jute Mills Company Ltd. The Applicant, represented by the Resolution Professional (RP), stated that Respondent No.1 is a lessee of the company's factory premises. The leasehold rights were originally given to this respondent by the lessors, identified as Respondent Nos. 2 to 4. The principal purpose of the application was to seek interim protection to ensure the leased premises are not alienated.
Final Outcome
The NCLT bench issued interim directions. It ordered that notice be issued to the non-applicant/respondents. Crucially, it directed that Respondent No.1 shall not hand over possession of the said factory premises to any third party until the next date of hearing, thereby maintaining the status quo. The respondent's counsel was instructed to seek formal instructions from their client to comply with this direction. The tribunal allotted two weeks for the respondents to file their replies and a further ten days for the filing of a rejoinder. The matter has been adjourned for further hearing on 29th July, 2026.
Topics: Insolvency Proceeding, Lease Dispute, Interim Order