Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: 12th June 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Bench, heard an interlocutory application (IA(Co.Act.) 232/2026) and a company application (CA-98/2020) within the main company petition (CP/422/2016). The matter involves Bank of Baroda as the applicant and Metaphor Exports Pvt. Ltd. as the respondent. The petition was filed under Sections 433(e) and 434 of the Companies Act, 1956, which pertain to the winding up of a company by the tribunal, specifically on the grounds of inability to pay debts.
The hearing was conducted in a hybrid mode (physical and video conference). Representatives for the liquidator, Advocate Anmol Vyas along with Mr. Satyendra Prasad, were present. Representatives for the applicant (Bank of Baroda) and the respondent (Metaphor Exports) were not detailed in the order.
Final Outcome
The bench, comprising Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram and Member (Technical) Ms. Reena Sinha Puri, adjourned the hearing. The order states the adjournment was due to "paucity of time." The matter has been relisted for the next hearing on 21st July 2026. No substantive decisions on the insolvency petition were made in this order.
Topics: Insolvency Proceeding, Banking Debt, NCLT