Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 07, 2026
Case Overview
The order pertains to Interlocutory Application IA No. 325/JPR/2026 filed in the main insolvency proceeding CP No. (IB)-68/7/JPR/2024, which was initiated by Canara Bank (Financial Creditor) against M/s Prayag Polytech Pvt. Ltd. (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The specific application sought the tribunal's approval to take on record the reconstituted Committee of Creditors (CoC) as of June 20, 2026.
Final Outcome
The Hon'ble Judicial Member, Ms. Reeta Kohli, allowed the application. The reconstituted Committee of Creditors was taken on record. The application (IA No. 325/JPR/2026) was disposed of accordingly.
Topics: Insolvency Proceeding, Committee of Creditors, NCLT Order