Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 6th July, 2026
Case Overview
The order pertains to Interlocutory Applications IA No.395/2022 and IA No.396/2022, which are filed within the main insolvency petition CP (IB) No.342/ALD/2018. The case involves Bank of Baroda as the financial creditor initiating proceedings against M/S Baghauli Sugar & Distillery Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The corporate insolvency resolution process (CIRP) for the corporate debtor has reached a stage where a resolution plan has been approved.
Final Outcome
The NCLT Bench did not proceed with a hearing on the substantive matters of the Interlocutory Applications on this date. The order solely re-notifies the case for a future hearing, scheduling it for 5th August, 2026. The final outcome of the applications remains pending adjudication.
Topics: Corporate Insolvency, NCLT Proceedings