Authority: National Company Law Tribunal, Ahmedabad Bench - Court 2
Order Date: 15 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard procedural matters in CP(IB) 38 of 2020, an insolvency application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by IDBI Bank Ltd against corporate debtor Sumeet Industries Ltd. The matter was heard by a bench comprising Judicial Member Mrs. Chitra Hankare and Technical Member Dr. Velamur G Venkata Chalapathy. Representatives included Ms. Fatema Kachawalla and Mr. Siddharth Sinha for the applicant (IDBI Bank), Mr. Jaimin Dave and Ms. Hirva Dave for respondent Bank of Baroda, and Mr. Bajrang Singh for the Resolution Professional.
The tribunal identified a technical deficiency in the documentation submitted by the applicant's counsel. Specifically, the Vakalatnama (power of attorney) filed by the applicant's representatives did not contain the name of the advocating counsel and lacked the mandatory court fee stamp, rendering it improper for court proceedings.
Final Outcome
The NCLT directed the applicant's counsel to file a proper Vakalatnama with complete details and affix the required court fee stamp. Additionally, the tribunal imposed costs of ₹10,000 on the applicant's counsel for appearing since 2023 without proper documentation, payable to the Prime Minister's Relief Fund. Proof of payment must be submitted at the next hearing scheduled for 24 August 2026, when the matter will be considered further.
Topics: Insolvency Proceedings, Legal Procedure, Court Compliance