Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 22/06/2026
Case Overview
This matter concerns an application (IA/947(AHM)2026) filed by Andhra Bank under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, in the ongoing insolvency proceeding CP(IB) 279 of 2018. The application is against the corporate debtor, Krishna Knitwear Technology Ltd. The bank seeks condonation of delay in filing its claim and requests the tribunal to direct the respondent to examine and include its claim in the list of creditors. The application also seeks a stay on further proceedings in the main insolvency case pending disposal of this application.
Final Outcome
The tribunal admitted the application and issued notice to the respondent returnable by the next hearing date. The applicant (Andhra Bank) was directed to collect the notice from the registry and serve it upon the respondent along with a copy of the order through registered post/speed post, dasti mode, and via email to the respondent's registered email ID. The respondent was directed to file its reply within three days from the date of receipt of notice. Any rejoinder must be filed before the next hearing date. The matter has been listed for further consideration on 01/07/2026.
Topics: Insolvency Proceedings, Delay Condonation, Creditor Claims