Authority: National Company Law Tribunal, Mumbai Bench, Court Room No. 1
Order Date: 06 July 2026
Case Overview
This hearing, identified as IA(I.B.C)/1910(MB)2026 in C.P. (IB)/1802(MB)2019, is an interlocutory application within the corporate insolvency resolution process of Auro Gold Jewellery Private Ltd., initiated by the State Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was filed by Rahul Narpat Bokadia against the Liquidator, Mr. Avil Menezes. The matter pertains to the liquidation process of the corporate debtor. The core issue preventing the completion of the corporate debtor's asset auction is that the original title deeds of the property are currently under seizure by the Central Bureau of Investigation (CBI).
Final Outcome
The bench, comprising Member (Technical) Prabhat Kumar and Member (Judicial) Sushil Mahadeorao Kochey, adjourned the matter to 29 July 2026 for further consideration. The Tribunal made a specific request to the Special Court of the CBI, where a related matter is scheduled for 08 July 2026, to consider this case and issue appropriate directions to resolve the impasse. The Liquidator's counsel stated that the sale certificate to be issued would constitute sufficient evidence of conveyance of the auctioned property in favour of the applicant, Rahul Narpat Bokadia.
Topics: Insolvency Proceeding, Asset Auction, Legal Impediment