Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: 10 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard two interlocutory applications (IA/1043(AHM)2022 and IA/901(AHM)2022) within the main insolvency petition CP(IB) 53 of 2017. The proceedings were initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC) by ICICI Bank Ltd as the financial creditor against ABG Shipyard Ltd as the corporate debtor. The matter was heard by a bench comprising Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical). Representing the applicant ICICI Bank was Advocate Mr. Monaal Davawala, while Advocate Mr. Aditya Mehta appeared for the respondent ABG Shipyard. The bankruptcy trustee was not present. Both parties confirmed they had already filed their written submissions with the tribunal.
Final Outcome
The NCLT adjourned both interlocutory applications for further consideration on 5 August 2026. No substantive decisions were made in this hearing, and the matter remains pending before the tribunal.
Topics: Insolvency Proceedings, Banking Dispute, Corporate Debt