Authority: National Company Law Tribunal, Kolkata Bench, Court-II
Order Date: 30th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kolkata Bench, comprising Hon'ble Member (Judicial) Shri Cheekati Radha Krishna and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah, heard an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by Dena Bank (now merged with Bank of Baroda) as the financial creditor against Hnd Syntex Ltd. as the corporate debtor.
During the hearing on 30th June 2026, Ms. Varsha Khowala, counsel appearing for the petitioner Dena Bank (now Bank of Baroda), stated that she was being appointed by the bank and undertook to file the Vakalatnama (document authorizing legal representation) on behalf of the petitioner within a period of three days.
Final Outcome
The NCLT Kolkata Bench adjourned the matter and listed it for further consideration on 14th July 2026. The order provides time for the petitioner's counsel to regularize their representation by filing the necessary Vakalatnama documentation.
Topics: Insolvency Proceeding, Banking Debt, NCLT Hearing