Authority: National Company Law Tribunal (NCLT), Mumbai Bench, Court IV
Order Date: 12 June 2026
Case Overview
The application (I.A. No. 2397 of 2026) was filed by the former Resolution Professional (RP) of the Corporate Debtor, Viola Resorts Private Limited, under Section 7 of the Insolvency and Bankruptcy Code (IBC) read with Rule 154(1) of the National Company Law Tribunal Rules, 2016. The applicant sought the rectification of an inadvertent clerical mistake contained in the NCLT's previous order dated 11 May 2026, which was passed in I.A.(IBC)(Plan) No. 40 of 2024. The financial creditor in the main insolvency petition was the Small Industries Development Bank of India.
Final Outcome
The tribunal, invoking its powers under Rule 154(1) read with Rule 11 of the NCLT Rules, 2016, allowed the application. It ordered the rectification of the Order dated 11.05.2026. Specifically, on Page 10 of that order, in the table titled 'Indicative Activity Schedule' at Serial No. 22, the amount "22,50,000/-" was substituted with "42,50,000/-". The bench clarified that the rest of the provisions of the Order dated 11.05.2026 shall remain unaltered and that this rectification order must be read conjointly with the original order. The application was disposed of as allowed.
Topics: NCLT, Rectification Order