Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 7th July 2026
Case Overview
This hearing concerned multiple Interlocutory Applications (IAs) in the Corporate Insolvency Resolution Process (CIRP) of Shandong Chunlong Group India Pvt. Ltd. (CP (IB) No.61/ALD/2023). The specific application considered was IA (Plan) No.04/2025, filed by the Resolution Professional (RP) for approval of a resolution plan. Counsel for the RP, Ms. Aakriti Sood, was present. The tribunal noted that a related application, IA No.402/2025 filed under Section 66 of the Insolvency and Bankruptcy Code (IBC), had been withdrawn as per an order dated 3rd June 2026. This withdrawal allowed the resolution plan application to be considered. The tribunal also noted that the corporate debtor is classified as an MSME (Micro, Small, and Medium Enterprise) and is therefore exempt from certain provisions under Section 240-A of the IBC. The resolution plan has been submitted by the corporate debtor itself, which is permissible for MSMEs.
Final Outcome
The NCLT Bench, comprising Member (Judicial) Sh. Praveen Gupta and Member (Technical) Sh. Ashish Verma, directed the Resolution Professional to place on record the complete sets of assets belonging to the corporate debtor. This directive specifically includes plant and machinery that was the subject matter of the now-withdrawn IA No.402/2025. The RP's counsel requested and was granted five days to comply with this directive. The matter has been adjourned and is scheduled for further hearing on 21st July 2026.
Topics: Insolvency Resolution, MSME, NCLT Proceeding