Authority: National Company Law Tribunal, New Delhi Court-V Single Bench
Order Date: 11 June 2026
Case Overview
The National Company Law Tribunal (NCLT) heard multiple Interlocutory Applications (IAs) related to an insolvency petition filed by ICICI Bank Ltd against Apex Buildsys Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). The matter was listed as Item No. 510 IB-706/PB/2018 with three specific IAs: IA-2322/2026, IA-4401/2024, and IA/4659/2022. The hearing was conducted in hybrid mode (physical and video conference).
Multiple parties were represented, including ICICI Bank (Petitioner), various respondents including State Bank of India (R-4), BSE Ltd (R-8), the Income Tax Department, and the Liquidator. The counsel for the Liquidator appeared and confirmed that no further notice needed to be served on Respondent-1 (Apex Buildsys Ltd), which was recorded by the tribunal.
Final Outcome
The tribunal adjourned all matters to June 12, 2026. IA-4401/2024 was specifically directed to be listed before the Regular Bench, while IA-2322/2026 and IA/4659/2022 were simply adjourned to the same date. No substantive decisions on the merits of the insolvency case were made in this hearing.
Topics: Insolvency Proceedings, Corporate Debt, Legal Adjournment