Authority: National Company Law Tribunal Allahabad Bench Prayagraj (Sh. Praveen Gupta, Hon'ble Member (Judicial) and Sh. Ashish Verma, Hon'ble Member (Technical))
Order Date: 12th June, 2026
Case Overview
This order pertains to Interlocutory Application No.308/2026 filed within the main Company Petition (IB) No.64/ALD/2025. The case involves Jammu & Kashmir Bank as the applicant versus Perfect Radiators & Oil Coolers Private Limited, which is currently under Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code (IBC). The hearing was attended by Sh. Vishal Hirawat, Advocate representing the Applicant/Resolution Professional in IA No.308/2026; Ms. Ritika Gaur, Advocate representing the Liquidator; and Sh. Pawan R. Upadhyay with Ms. Babita Jain & Sh. Varun Sharma, Advocates representing Respondent no.1.
Final Outcome
The National Company Law Tribunal Allahabad Bench adjourned the matter to 29th June, 2026. The adjournment was granted because while the learned counsel representing the non-applicant/respondents stated that a reply had been filed, the court office stated that the reply was still under scrutiny. The bench determined that additional time was needed for proper scrutiny of the filed reply before proceeding with the matter.
Topics: Insolvency Proceedings, Legal Adjournment