Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: July 10, 2026
Case Overview
This matter involves proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC) between IDBI Ltd (Applicant) and Wind World (India) Ltd (Respondent). The case reference is CP(IB) 14 of 2018 with interim application IA(Plan)/10(AHM)2026. The bench comprised Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical). The hearing was conducted in hybrid mode with representation from both parties: Senior Advocate Mr. Mihir Thakore with Advocate Ms. Neha Naik and Resolution Professional Mr. Ravi Sethia for the applicant, and Advocate Mr. Saurin Mehta representing the workmen/employees.
The proceedings focused on compliance with the tribunal's previous order dated July 8, 2026. The Resolution Professional had filed an affidavit on July 10, 2026, through e-mode detailing the break-up of admitted claims of workmen and employees, with a physical copy in process. The tribunal examined the revised Form-H filed by the Resolution Professional with an earlier additional affidavit dated June 20, 2026 (filed on June 22, 2026, vide Inward Diary No. D-5073) and found it non-compliant with the amended Form-H prescribed by the Insolvency and Bankruptcy Board of India (IBBI).
Final Outcome
The tribunal directed the Resolution Professional to file a revised Form-H by way of additional affidavit strictly complying with the IBBI amendment effective April 3, 2025, and a further notification dated June 2, 2026. The compliance must be completed within three days. The matter has been relisted for July 14, 2026, for further review of the revised filing.
Topics: Insolvency Proceedings, Regulatory Compliance, Corporate Debt Resolution