Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 10th July, 2026
Case Overview
The matter involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Rishi Kant Jain & Others (Financial Creditor/Applicant) against Shital India Preservation Private Limited (Corporate Debtor). The case is registered as CP (IB) No.89/ALD/2025. The hearing was held before a special bench consisting of Sh. Praveen Gupta, Hon'ble Member (Judicial). Counsel representing the Financial Creditor/Applicant included Ms. Saumya Seth, Adv. and Sh. Mohd. Nazim Khan.
Final Outcome
The tribunal granted an adjournment request made by the Learned Counsel for the Financial Creditor. The matter has been rescheduled for hearing on 14th July, 2026 before the Regular Bench.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor