Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench
Order Date: 9th June 2026
Case Overview
This is an interim application (IA (Plan) No.06/2026) within the main corporate insolvency resolution process (CP (IB) No.37/ALD/2024) against Raama Paper Mills Limited, initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC). The matter was heard by a bench comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma. Counsel for the Resolution Professional (RP) and the Financial Creditor appeared through virtual hearing.
The Resolution Professional's counsel requested an adjournment to place on record a 'convenience proforma,' a document required for the resolution process.
Final Outcome
The tribunal granted the RP one week to file the convenience proforma. The matter was adjourned and is scheduled to be heard next on 29th June 2026, the date already fixed for the main matter.
Topics: Insolvency Proceeding, Corporate Law, NCLT