Torque Automotive NCLT Adjournment Order on Section 121 Application

Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: 10 July 2026

Case Overview

This is an interim order in an interlocutory application (IA/956(AHM)2026) filed within the main insolvency proceeding (C.P.(IB)/395(AHM)2025). The application was filed under Section 121 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Zankarsing Kishorsing Solanki, the Resolution Professional (PG) of M/s Torque Automotive Pvt. Ltd., the corporate debtor. The respondents are Bank of Baroda (Respondent No. 1) and another unnamed party (Respondent No. 2). The matter concerns procedural compliance and scheduling for the filing of replies.

Final Outcome

The Tribunal found that sufficient service of notice had been effected on all respondents. Respondent Nos. 1 and 2, represented by their counsel, requested and were granted a seven-day extension to file their replies to the application. The applicant is permitted to file a rejoinder within seven days after the replies are submitted. The matter has been adjourned and is now listed for further consideration on 5 August 2026.

Topics: Insolvency Proceeding, NCLT, Adjournment