NCLT Allahabad Orders Faster Hydraulics CIRP Closure

NCLT Allahabad Bench hears applications for early closure of CIRP against M/s. KHN Industrial Equipments India Pvt. Ltd.
Resolution Professional reports no assets, no cooperation from ex-management, and only one admitted claim of ₹2.04 lakh from IDBI.
RP seeks payment of CIRP costs and fees, suggesting Operational Creditor and sole CoC member IDBI bear the expenses.
Bench reserves orders on both applications for early CIRP closure and payment of CIRP costs after hearing arguments.