Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15/07/2026
Case Overview
This proceeding involves an application filed by the Liquidator, Mr. Jigar Bhatt, in the matter of IFCI Ltd versus RMOIL Engineering and Offshore Ltd. The case originated from proceedings under Section 7 of the Insolvency and Bankruptcy Code (CP(IB) 171 of 2017). The application specifically sought to submit and take on record the 19th Progress Report for the liquidation process for the quarter ended 30th June, 2026.
The application was filed under Regulation 15(1)(b) of the IBBI (Liquidation Process) Regulations, 2016, read with Section 35(1)(n) of the Insolvency and Bankruptcy Code, 2016, and Rule 11 of NCLT Rules, 2016. The matter was heard by a division bench consisting of Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma.
Final Outcome
The NCLT bench accepted the 19th Progress Report and placed it on record with all just exceptions. The report was directed to be placed with the main file for further reference. With this acceptance, the interlocutory application (IA(Liq.)Progress Report /220(AHM)2026) stands disposed of.
Topics: Insolvency Proceedings, Liquidation Progress Report, NCLT Order