Case Details
Case Name: M/S Prudent ARC Ltd. V/S Perpendicular Construction Pvt Ltd.
Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Case Number: IA No.337/2026 IN CP (IB) No.15/ALD/2022
Date of Order: 25th May, 2026
Under Section: 7 of the Insolvency and Bankruptcy Code (IBC)
Parties Involved
Petitioner/Applicant: The Resolution Professional (RP) for the corporate insolvency resolution process (CIRP)
Respondent: Perpendicular Construction Pvt Ltd.
Counsel for Applicant/RP: Sh. Divij Kumar with Sh. Dhananjai Rai
Other Counsel: Sh. Yogesh Khanduja, Advocate
Final Ruling & Enforcement
The Hon'ble Bench, consisting of Ms. Reeta Kohli (Member - Judicial) and Shri Ashish Verma (Member - Technical), granted an adjournment request made by the counsel representing the Applicant/Resolution Professional. The matter has been rescheduled for hearing before the Regular Bench on 1st June, 2026, along with other matters of this case fixed on the same date.
The order was signed by both members of the bench and recorded by stenographer Avaneesh Kumar Singh.