Case Details

Case Name: Bank of Baroda vs. Suresh Binjraj Agarwal & Ors.

Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi

Case Number: Comp. App. (AT) (Ins) No. 354 of 2025 & I.A. No. 7693 of 2025

Hearing Date: May 29, 2026

Mode: Hybrid

Parties Involved

Appellant: Bank of Baroda

Respondents: Suresh Binjraj Agarwal & Ors., including ICICI Bank Limited (Respondent No. 9) and IDFC First Bank

Legal Representatives:

  • For Appellant: Mr. Arun Aggarwal, Mr. Lovelesh Kukreja, Ms. Kajal A. Mishra, Advocates
  • For Respondents: Mr. Palash S. Singhai, Mr. Harshal Sareen, Ms. Aashima Gautam (for R2 & R3); Mr. Akash Nandwani (for R9/ICICI Bank); Mr. Harshit Singh Sisodiya (for R11)

Issues / Allegations / Violations

ICICI Bank Limited filed an interlocutory application (I.A. No. 7693 of 2025) seeking disclosure of specific financial documents from Bank of Baroda related to disputed transactions mentioned in the main insolvency appeal.

Findings & Observations

The Tribunal noted that Bank of Baroda had filed a Reply to the application along with notes of financial statements and certain other details. The Tribunal observed that ICICI Bank could request additional transaction details from Bank of Baroda if required, and Bank of Baroda may respond to such requests. For details available in public record, ICICI Bank was directed to access them directly.

Final Ruling & Enforcement

For I.A. No. 7693 of 2025: The application was disposed of with the above observations.

For Comp. App. (AT) (Ins) No. 354 of 2025: The main appeal was adjourned to July 30, 2026. The Tribunal directed the Appellant (Bank of Baroda) to supply a copy of the Appeal to IDFC First Bank within one week, as their counsel submitted non-receipt of the same.