Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15/06/2026
Case Overview
This proceeding involves an application (IA/900(AHM)2026) filed by Mrs. Sarika Sureshkumar Shilu in the matter of C.P.(IB)/134(AHM)2025 under Section 94 of the Insolvency and Bankruptcy Code (IBC). The application was made under Section 60(5) read with Rule 11 of the National Company Law Tribunal Rules, 2016. The respondents are The Karur Vysya Bank Limited and another party. The applicant seeks directions for payment of outstanding advocate fees incurred by the Resolution Professional and costs due to alleged malfeasance by the Personal Guarantor.
The principal prayers in the application include: (a) direction for Respondent No. 1 (The Karur Vysya Bank Limited) to pay ₹50,000 towards outstanding advocate fees incurred by the Resolution Professional; and (b) direction for the Personal Guarantor to pay costs of ₹25,000 due to alleged malfeasance.
Final Outcome
The Tribunal issued notice to the respondents returnable by the next hearing date. The applicant was directed to collect the notice from the Registry within three days and serve it upon the respondents along with a copy of the order through Registered Post/Speed-post, Dasti mode, and registered email within seven days. Respondents may file replies within two weeks from receipt of notice, with rejoinders allowed within two weeks thereafter. Proof of service must be filed by affidavit before the next hearing. The matter has been listed for further consideration on 17 July 2026.
Topics: Insolvency Proceedings, Resolution Professional Fees, NCLT Application