Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: July 10, 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad bench, comprising Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy, heard an Interlocutory Application (IA/855(AHM)2026) within the main insolvency petition (C.P.(IB)/313(AHM)2025). The application was filed by Bank of Baroda as the applicant against respondents Mr. Sunilbhai Surendrabhai Kakkad (Personal Guarantor) and three companies: M/s. Sai Infosystem (India) Limited, M/s. Atrium Infocomm Private Limited, and M/s. Click Telecom Private Limited. The proceedings are under Section 123 of the Insolvency and Bankruptcy Code, 2016, relating to debt recovery and insolvency resolution processes.
During the hearing, the applicant's counsel, Mr. Rahul Bhavasar accompanied by Mr. Zalak Bangar, appeared before the tribunal. No representatives appeared for the respondents, and no bankruptcy trustee was present. The counsel submitted that some banks had complied with the tribunal's earlier order by paying the required amounts. However, he specifically identified Union Bank of India and Indian Bank as having not complied with the order and not paid the amounts as directed.
The tribunal noted the submission regarding partial compliance and the specific non-compliance by Union Bank of India and Indian Bank. Based on this, the bench issued a directive for officials from both non-compliant banks to remain present before the tribunal on the next date of hearing.
Final Outcome
The matter has been listed for further consideration on August 7, 2026. The tribunal's order specifically requires officials from Union Bank of India and Indian Bank to appear personally on the next hearing date due to their failure to comply with the previous order of the tribunal.
Topics: Insolvency Proceedings, Banking Compliance, NCLT Directive