Authority: National Company Law Tribunal, Allahabad Bench, Prayagraj
Order Date: 10th June, 2026
Case Overview
This hearing concerns IA No.70/2026 filed within the insolvency petition CP (IB) No.43/ALD/2023 under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petition involves Vindhyachal Shakti Infraprojects Pvt. Ltd. as the Operational Creditor (OC) and Nilansh Builders Pvt. Ltd. as the Corporate Debtor (CD). A significant background detail is that the main insolvency petition (CP) was previously dismissed as withdrawn on September 17, 2024, following a settlement between the parties (vo.d. 17.09.2024).
Final Outcome
The bench, comprising Member (Judicial) Sh. Praveen Gupta and Member (Technical) Sh. Ashish Verma, adjourned the hearing of IA No.70/2026 to July 21, 2026. This decision was made because no one appeared on behalf of the applicant (Operational Creditor). The counsel for the respondent (Corporate Debtor), Sh. Anil Kumar (PCS), did appear but stated he had no instructions in the matter and subsequently requested time to obtain them.
Topics: Insolvency Proceeding, NCLT Hearing, Case Adjournment