Authority: National Company Law Tribunal, Division Bench, Court-1, Ahmedabad
Order Date: 06/07/2026
Case Overview
This matter concerns an application (IA/699(AHM)2023) filed in the main insolvency proceeding CP(IB) 561 of 2018, which was initiated by State Bank of India against Vrundavan Ceramic Pvt Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). The current application was filed by the State Tax Department. The Tribunal noted that appeals (Company Appeal (AT) (Ins.) Nos. 1950 of 2024 and 1952 of 2024) had been filed against its earlier liquidation order dated 27.09.2024. The Hon'ble National Company Law Appellate Tribunal (NCLAT) has dismissed these appeals, thereby affirming the liquidation order. Consequently, the interim stay on liquidation that had been granted by the NCLAT stands vacated.
Final Outcome
The Tribunal directed the registry to serve a copy of this order on the counsel for the Applicant (State Tax Department) and the Applicant itself via email. The matter has been listed for the next hearing on 31.07.2026. The order explicitly states that if no one appears on behalf of the Applicant on that date, appropriate orders, including the dismissal of its application for non-prosecution, will be passed. The cause title for the respondent was also amended from 'RP' (Resolution Professional) to 'Liquidator'.
Topics: Corporate Insolvency, Liquidation Process, NCLT Proceedings