Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 16/06/2026
Case Overview
This order pertains to multiple Interlocutory Applications (IAs) filed in the main insolvency petition CP(IB) 781 of 2019, initiated by Sampati Securities Ltd against Torque Automotive Pvt Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). The proceedings involve the Resolution Professional/Liquidator and multiple respondents. The order addresses procedural updates and sets timelines for the completion of pleadings ahead of final arguments.
For IA/862(AHM)2025, the tribunal noted that the Applicant/Resolution Professional had complied with the previous order dated 11.03.2026 regarding the substitution of parties. An Amended Memo of Parties was filed on 11.06.2026 (Inward Diary No. D-4687), and the necessary amendment in the main case record was carried out on 24.06.2026. Copies were served on the opposite side. The counsel for the Applicant/Liquidator requested a final opportunity of seven days to file a rejoinder to the reply submitted by Respondent Nos. 1 and 2, which was granted.
For IAs 301, 302, and 303 of 2022, the tribunal noted that pleadings are complete and that revised written submissions along with a chronology of events had already been filed.
Final Outcome
The tribunal directed the Applicant/Liquidator to file the rejoinder in IA/862(AHM)2025 within seven days from 16th June 2026. All appearing parties were instructed to file their respective written submissions well before the next hearing after exchanging copies amongst themselves. All matters - IA/862(AHM)2025, IA/301(AHM)2022, IA/302(AHM)2022, and IA/303(AHM)2022 - were listed for final arguments on 08th July 2026.
Topics: Insolvency Proceeding, NCLT Hearing