Case Details
Case Name: Bank of India vs. Vikas WSP Ltd
Court/Authority: National Company Law Tribunal (NCLT), Chandigarh Bench, Court – II (Special Bench)
Case Numbers: IA(IBC)/1538(CH)2022, IA(IBC)/764(CH)2022 in CP(IB) No.315/Chd/Hry/2019 (Admitted)
Date of Order: 20 May 2026
Governing Law: Application filed under Sections 7, 30, and 19(2) of the Insolvency and Bankruptcy Code (IBC), 2016
Parties Involved
Petitioner/Applicant: Bank of India
Respondent: Vikas WSP Ltd
Judicial Members: Shri Shishir Agarwal (Hon'ble Member - Technical) and Shri K. Biswal (Hon'ble Member - Judicial)
Legal Representatives Present:
- For the Applicant-RP in IA(IBC)/1538(CH)2022 & IA(IBC)/764(CH)2022: Mr. I.P.S. Oberoi (Advocate) & Mr. G.S. Sarin (PCS)
- Resolution Professional: Mr. Darshan Singh Anand (appeared through Video Conference)
- For the Respondent in IA(IBC)/1538(CH)2022: Mr. Karan Gandhi (Advocate representing CoC - Committee of Creditors)
- For Respondent No.7 in IA(IBC)/764(CH)2022: Mr. Raghav Kapoor (Advocate)
- For Respondent No.8 in IA(IBC)/764(CH)2022: Mr. R K Gupta and Ms. Swaralipi Deb Roy (Advocates) along with Mr. Vimal Jain (CA)
- For Respondent No.10 in IA(IBC)/764(CH)2022: Mr. Vikas Mohan Gupta (Advocate)
Final Ruling & Enforcement
The Tribunal adjourned the hearing and listed the matter before the Regular Bench on 02 June 2026 with priority status. The order specifically notes "Today being a Special Bench, list the matter before the Regular Bench on 02.06.2026 (Priority)."
The application was filed under Section 30 of the IBC, 2016, which pertains to the submission of a resolution plan. The case appears to be at an advanced stage of the Corporate Insolvency Resolution Process (CIRP) given the involvement of multiple respondents and their legal representatives.