Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 10/07/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard an application (IA/1040(AHM)2026) filed by HDFC Bank Limited in the matter of C.P.(IB)/269(AHM)2025, which is a proceeding under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was against the corporate debtor, Turnrest Resources Pvt. Ltd. The application was filed under Section 21 read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, along with Regulation 17 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The purpose was to seek approval to take on record the re-constituted Committee of Creditors (CoC) of the corporate debtor along with the updated list of creditors.
Final Outcome
The NCLT bench comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma allowed the application. The reconstituted Committee of Creditors and the list of creditors were ordered to be taken on record with all just exceptions. The tribunal further directed that the report be placed with the main file for further reference.
Topics: Insolvency Proceedings, Committee of Creditors, Banking