Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 12th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard multiple interconnected applications related to the corporate insolvency resolution process of Rotomac Global Pvt Ltd. The case originated from an insolvency petition (CP (IB) No.70/ALD/2017) filed by Bank of Baroda against Rotomac Global Pvt Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). The company is currently under liquidation. The hearing involved several applications: IA No.74/2021, CA No.231/2018, IA No.350/2020, Appeal No.01/2024, IA No.400/2024, and IA No.305/2026.
Final Outcome
The NCLT bench comprising Member (Judicial) Praveen Gupta and Member (Technical) Ashish Verma adjourned all matters to 20th July, 2026. Specifically for IA No.305/2026, counsel for the respondent sought time to file a reply. The tribunal granted ten days for filing the reply with advance copy to the other side. All applications will be heard together on the next date.
Topics: Corporate Insolvency, NCLT Proceedings, Banking Dispute