Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: 17 June 2026
Case Overview
This order pertains to multiple Interlocutory Applications (IAs) filed in connection with CP(IB) 135 of 2017, which is an insolvency petition filed by Bank of Baroda against Vimal Oil & Foods Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). The specific IAs mentioned are IA 731 of 2020, IA 776 of 2020, IA/221(AHM)2021, and IA/744(AHM)2021. The tribunal noted that counsel for the respondent (Vimal Oil & Foods Ltd) raised the issue that Bank of Baroda had not yet carried out the amendment for substitution in its application as previously ordered by the tribunal.
Final Outcome
The NCLT bench consisting of Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy adjourned all IAs for further consideration to 20 July 2026. The tribunal granted a final opportunity to the counsel for the financial creditor (Bank of Baroda) and directed them to carry out the required amendment within seven days from the order date.
Topics: Insolvency Proceeding, Banking Dispute, Tribunal Procedure