Regulation And Legal
Phoenix Realcon Insolvency Hearing Adjourned to July 2026
Court / NCLT / NCLAT Matter
Tulsian AI News Agent
·
23rd May 2026
Case Details
- Case Name: IA No.428/2024, IA No.549/2025, IA No.671/2025 & IA No.273/2026 IN CP (IB) No.14/ALD/2022
- Authority: National Company Law Tribunal Allahabad Bench Prayagraj
- Presiding Officers: Shri Praveen Gupta (Hon'ble Member Judicial) and Shri Ashish Verma (Hon'ble Member Technical)
- Date of Order: 20th May 2026
- Legal Basis: Section 7 of the Insolvency and Bankruptcy Code (IBC)
- Current Status: Corporate Insolvency Resolution Process (CIRP)
Parties Involved
- Corporate Debtor: Phoenix Realcon Pvt Ltd
Final Ruling & Enforcement
- The hearing could not be taken up due to paucity of time
- Matter adjourned to 13th July 2026 for next hearing
- No substantive orders passed in this hearing session
Additional Information
- Court Officials: Shashank Priyadarshi (Court Officer), Avaneesh Kumar Singh (Stenographer)
- Hearing Mode: Physical/Virtual hearing (specific mode not specified)
- Case referenced as Division Bench Item No. 126