Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 16/06/2026
Case Overview
This matter involves contempt proceedings (Cont.P/6(AHM)2025) arising from IA/642(AHM)2022 in the main insolvency petition CP(IB) 137 of 2018 filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The case pits Bank of India as the applicant against Diamond Power Infrastructure Ltd as the respondent. The proceeding was listed before a bench comprising Hon'ble Member (Judicial) Mr. Shammi Khan and Hon'ble Member (Technical) Mr. Sanjeev Sharma. During the hearing, neither the applicant (Bank of India) nor any representative appeared on their behalf. Similarly, no status update regarding the decision of the National Company Law Appellate Tribunal (NCLAT) was presented by either party. The respondent's counsel, Mr. Masoom Shah, Advocate, did appear and informed the tribunal that the next date of hearing before the Hon'ble NCLAT is scheduled for 16 July 2026.
Final Outcome
The NCLT bench decided to adjourn the matter and re-list it for further consideration on 17 August 2026. The continuation of the contempt proceeding is contingent upon the outcome or progress of the appeal pending before the NCLAT.
Topics: Insolvency Proceedings, Contempt Matter, NCLT Adjournment