Authority: National Company Law Tribunal Allahabad Bench Prayagraj (Division Bench)
Order Date: 13th July, 2026
Case Overview
The matter involves an application filed by Punjab National Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Savaria Roller Flour Mills Pvt Ltd. The case is registered as CP (IB) No.191/ALD/2017 and is currently in the liquidation stage. The specific interim application being heard is IA No.643/2023 within the main company petition CA No.101/2019. The bench comprised Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma.
Final Outcome
The National Company Law Tribunal Allahabad Bench adjourned the hearing due to paucity of time. The matter was not taken up during the session on 13th July 2026 and has been rescheduled for the next hearing on 17th August 2026. The case remains pending before the tribunal.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment