Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 08/06/2026
Case Overview
This proceeding, identified as IA/861(AHM)2026 in CP(IB)/61(AHM)2025, is an application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The applicant is IDBI Bank Limited, and the corporate debtor/respondent is Aldiam Motors Pvt. Ltd. The application was filed by the Resolution Professional under Rule 11 read with Rules 164 and 165 of the National Company Law Tribunal Rules, 2016. The specific request was to revive and restore a previous application, IA(Plan) No. 19(AHM)2025, for adjudication. This request was made in compliance with a judgment dated 27.05.2026 passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Ins.) Nos. 512 of 2026 and 513 of 2026.
The background is that IA(Plan) No. 19(AHM)2025, filed by the Resolution Professional for the approval of a Resolution Plan submitted by Meghdoot Leisure LLP, was originally rejected by the NCLT on 12.03.2026. This rejection was appealed by both the Resolution Professional and the Successful Resolution Applicant (Meghdoot Leisure LLP) before the NCLAT. The NCLAT's judgment allowed these appeals, set aside the NCLT's rejection order, and revived the original application for fresh consideration. The NCLAT also noted that applications filed by another entity, Claro Energy, would stand closed.
Final Outcome
The NCLT allowed the present application (IA No. 861 of 2026). The registry was directed to restore IA(Plan) No. 19(AHM)2025 in CP(IB) No. 61/AHM/2025 to its original number and list it before the bench on 24.06.2026. The tribunal will now freshly consider the Resolution Plan for approval, keeping in view the observations made by the NCLAT in its judgment. The application was disposed of with no order as to costs.
Topics: Corporate Insolvency, NCLAT Judgment, Resolution Plan