Authority: National Company Law Tribunal, New Delhi (Court VI)
Order Date: July 8, 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi, heard an interlocutory application (IA(Liq.)/22/2026) in the matter of Bank of Baroda versus M/s. MB Malls Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The case involves a financial creditor (Bank of Baroda) initiating corporate insolvency resolution proceedings against the corporate debtor (MB Malls Pvt. Ltd.). The hearing was conducted in hybrid mode (physical and video conference).
Final Outcome
The tribunal issued a procedural order granting time for filing replies. The Successful Resolution Applicant (Respondent No. 2), represented by Adv. K.d. Sharma, was granted two weeks to file a reply. The tribunal directed that steps be taken within three days for service of notice upon Respondent No. 1 (MB Malls Pvt. Ltd.), which shall file its reply within one week from the date of service of notice. The matter has been adjourned and listed for next hearing on September 8, 2026.
Topics: Insolvency Proceedings, Banking Litigation, NCLT