Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 06/07/2026
Case Overview
The matter involves an interlocutory application (IA/693(AHM)2025) within the main corporate insolvency proceeding (C.P.(IB)/141(AHM)2023) filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application is between Indian Bank (formerly Allahabad Bank) as the applicant and DCOM Systems Ltd as the respondent. During the hearing conducted in hybrid mode, the counsel for the applicant (Indian Bank) stated that the matter would now be pursued by Bank of Maharashtra, which is one of the members of the State Bank Consortium (SCC). Based on this submission, the counsel requested an adjournment to take appropriate steps regarding this change in representation.
Final Outcome
The NCLT bench comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma granted the adjournment. The matter has been re-listed for further consideration on August 19, 2026. The order provides the applicant additional time to formalize the representation change to Bank of Maharashtra.
Topics: Insolvency Proceeding, Banking Debt