Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30th June 2026
Case Overview
This matter involves an insolvency appeal (Comp. App. (AT) (Ins) No. 1524 of 2025) filed by Bank of Baroda (Appellant) against Vedara India Ventures Pvt. Ltd. (Respondent No. 1/Corporate Debtor) and another respondent. During the hearing on 30th June 2026, counsel for the Appellant (Bank of Baroda) and counsel for Respondent No. 2 were present. However, no representative appeared on behalf of Respondent No. 1 (Vedara India Ventures Pvt. Ltd.), despite multiple calls from the tribunal. No adjournment request was submitted on behalf of the absent respondent.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), ordered that the proceedings would continue ex-parte against Respondent No. 1 (Vedara India Ventures Pvt. Ltd.). The appeal has been listed for next hearing on 16th July 2026.
Topics: Insolvency Appeal, Legal Proceedings