Authority: National Company Law Tribunal Kolkata Bench
Order Date: 29th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kolkata Bench, comprising Hon'ble Member (Judicial) Shri Vinay Goel and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah, heard multiple interconnected applications in the matter of Union Bank of India Limited versus Solapur Tollways Private Limited. The main petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Union Bank of India Limited against corporate debtor Solapur Tollways Private Limited, initiating corporate insolvency resolution proceedings.
Multiple Interlocutory Applications were listed for hearing: IA(I.B.C)/806(KB)2026, IA(I.B.C)/363(KB)2026, IA(I.B.C)/1942(KB)2025, and IA(I.B.C)/1496(KB)2025. Several advocates represented various parties in the proceedings, including the Resolution Professional, applicants in different applications, and multiple respondents numbered 1 through 15 in IA(I.B.C)/1496(KB)2025. PBA Infrastructure Limited also had separate representation through advocates.
Final Outcome
The Bench noted that another application [IA(IBC)(PLAN)/10(KB)2026] was posted for hearing on 2nd July 2026. Consequently, the Tribunal directed that all the interconnected applications be listed together for consideration on 2nd July 2026. The matter was adjourned without any substantive decision on the merits of the case.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt