Authority: National Company Law Tribunal Allahabad Bench Prayagraj (Division Bench)
Order Date: 7th July, 2026
Case Overview
This order pertains to IA No.396/2026 filed in CP (IB) No.14/ALD/2025 by the Resolution Professional. The application was filed to place on record the constitution of the Committee of Creditors (CoC) for M/S H.Q LAMPS MANUFACTURING CO. PVT. LTD. The Corporate Insolvency Resolution Process (CIRP) against the corporate debtor was initiated by the NCLT vide its order dated 22nd April, 2026. The matter involves Sachin Gupta, Sole Proprietor of Buildgreen Distributors as the operational creditor. The Resolution Professional reported that in response to publications inviting claims, only one Financial Creditor filed a claim, necessitating the constitution of the CoC as per the details provided at page 36A of the application.
Final Outcome
The NCLT approved the constitution of the Committee of Creditors as detailed in the application and placed it on record. The application (IA No.396/2026) was disposed of accordingly. The matter was adjourned to 14th July, 2026 for further proceedings in the CIRP.
Topics: Insolvency Proceedings, Committee of Creditors, NCLT Order