Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 6th July, 2026
Case Overview
The National Company Law Tribunal (NCLT), Allahabad Bench, heard a matter listed as CP (IB) No.97/ALD/2024. The petition was filed by Canara Bank against Neelu Mishra in her capacity as the Personal Guarantor of M/s K C Infrabuild Pvt. Ltd. The proceedings were initiated under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC), which pertains to the initiation of the insolvency resolution process for personal guarantors to corporate debtors. The order sheet from the hearing on 6th July 2026 indicates the matter was presented before the bench.
Final Outcome
The bench did not proceed with a substantive hearing on the merits of the case. The sole direction issued was to re-notify the matter for a future date. The case has been adjourned and is now scheduled to be heard on 7th August 2026.
Topics: Insolvency Proceedings, Personal Guarantor, Banking