Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 8th 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 IA No.367/2026 in CP (IB) No.451/ALD/2019. The application involves Khard Enterprises as the applicant versus Ramnath Developers Pvt Ltd as the respondent. The proceedings fall under Section 9 of the Insolvency and Bankruptcy Code (IBC) and are in the Corporate Insolvency Resolution Process (CIRP) stage. Sh. Yash Tandon, Advocate, appeared for the applicant.
Final Outcome
The tribunal issued notice of the present application to the non-applicant/respondents (Ramnath Developers Pvt Ltd). The applicant was directed to file an affidavit of service within one week. The respondents were given two weeks to file their reply/response after receipt of notice, with instructions to serve an advance copy to the other side. The matter was adjourned and will be heard next on 30th June, 2026, which was already the date fixed in the main matter.
Topics: NCLT Proceedings, Insolvency Application, Corporate Dispute