Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 7th July, 2026
Case Overview
This is an interim procedural order in CP (IB) No.75/ALD/2026, a corporate insolvency petition filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016 (IBC) by Utryan Energy Brunswick Private Limited. The petition appears to be for a voluntary insolvency resolution process. The bench, comprising Member (Judicial) Sh. Praveen Gupta and Member (Technical) Sh. Ashish Verma, heard counsel for the petitioner, Sh. Praveen Kumar and Sh. Kaustubh Tewari.
Final Outcome
The Tribunal directed its registry to issue formal notices to three statutory authorities: the Registrar of Companies (ROC), the Insolvency and Bankruptcy Board of India (IBBI), and the Income Tax Department. The notice to the Income Tax Department must be served through its Nodal Officer, the Principal Chief Commissioner of Income Tax in Lucknow, and must include the petitioner company's PAN details and the identity of its Assessing Officer. The petitioner's counsel is responsible for collecting these notices from the tribunal's registry and serving them to the concerned authorities, along with a copy of the petition. An affidavit confirming this service must be filed within one week.
The authorities are given two weeks from receiving the notice to file their replies, with an advance copy to be served to the petitioner's counsel. The petitioner is then allowed one week to file a rejoinder, if necessary. The matter has been adjourned for its next hearing on 4th August, 2026.
Topics: Corporate Insolvency, NCLT Procedure, Regulatory Notices