Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)
Order Date: 17/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard multiple interlocutory applications (IAs) in the ongoing insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). The main case is CP(IB) 53 of 2017, where ICICI Bank Ltd is the applicant and ABG Shipyard Ltd is the respondent. The proceedings involve several IAs numbered 1043, 901, 1017, 1018, 1019, 1020, 1044, 1045, and 1046 of 2022.
For IA/1043(AHM)2022, the Tribunal heard arguments from both parties and directed them to file written submissions limited to 2-3 pages based on the day's arguments. These submissions must be filed by affidavit within one week.
For IA/901(AHM)2022, which was identified as an execution petition, the applicant's counsel submitted that the respondents had not complied with an earlier order. The Tribunal noted that Respondent No. 2 and Respondent Nos. 5 to 9 had been proceeded against ex parte in earlier orders. Arguments in this matter were completed, and the applicant's counsel was directed to file a short synopsis of the matter by affidavit.
For the remaining IAs (1017, 1018, 1019, 1020, 1044, 1045, and 1046 of 2022), all parties were directed to file their written submissions within two weeks if not already submitted.
Final Outcome
The Tribunal adjourned all matters to future hearing dates. IA/1043(AHM)2022 and IA/901(AHM)2022 were listed for further consideration on 10/07/2026. The remaining IAs (1017, 1018, 1019, 1020, 1044, 1045, and 1046 of 2022) were listed for further consideration on 22/07/2026. No final decisions on the merits of the applications were rendered in this order.
Topics: Insolvency Proceedings, Banking Litigation, Corporate Debt