Tribunals and CommissionsDivision Bench(2025) 10 NCLT CK 1624

State Bank Of India vs IVRCL Limited

National Company Law Tribunal · Decided on 29 October 2025

HON’BLE JUDGES
Rajeev Bhardwaj, Member (J) · Sanjay Puri, Member (T)
CASE NUMBER
IA (IBC)/1625/2025, IA (IBC)/1615/2025, IA (IBC)/287/2025, IA (IBC)/739/2025, IA (IBC)/740/2025, IA (IBC)/982/2025, IA (IBC)/986/2025, IA (IBC)/636/2025 and IA (IBC)/644/2025 in CP (IB) No.294/7/HDB/2017

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Judgment

25 paragraphs · 291 words

ORDER

IA (IBC)/1625/2025

Present: Mr. Nirav Shah and Mr. Alay Razvi, Ld. Liquidator/Applicant.

This application has been moved to replace the existing liquidator Mr. Sutanu Sinha with Mr. Purusottam Behera, Liquidator. This proposal has been approved by the SCC. Hence, Mr. Purusottam Behera is appointed as liquidator in place of Mr. Sutanu Sinha. Accordingly, this application is disposed of.

IA (IBC)/1615/2025

Present: Ms. Nikhita Guduru, Ld. Counsel for the Applicant. Mr. Nirav Shah and Mr. Alay Razvi, Ld. Liquidator/Respondent.

Issue notice to the Respondents by registered/speed post and through e-mail. For filing proof of service, matter is adjourned to 10.12.2025.

IA (IBC)/287/2025

Present: None appeared for the Applicant. Mr. Nirav Shah and Mr. Alay Razvi, Ld. Liquidator/Respondent.

In view of the change of Liquidator, matter is adjourned to 10.12.2025.

IA (IBC)/739/2025 and IA (IBC)/740/2025

Present: Mr. M. Maharshi Viswaraj, Ld. Counsel for the Applicant. Mr. Nirav Shah and Mr. Alay Razvi, Ld. Liquidator/Respondent.

In view of the change of Liquidator, matter is adjourned to 10.12.2025.

IA (IBC)/982/2025

Present: Ms. Nikhita Guduru, Ld. Counsel for the Applicant. Mr. Nirav Shah and Mr. Alay Razvi, Ld. Liquidator/Respondent.

In view of the change of Liquidator, matter is adjourned to 10.12.2025.

IA(IBC)/986/2025

Present: Ms. Vala Srihitha, Ld. Counsel for the Applicant. Mr. Nirav Shah and Mr. Alay Razvi, Ld. Liquidator/Respondent.

In view of the change of Liquidator, matter is adjourned to 10.12.2025.

IA (IBC)/636/2025

Present: Ms. Vala Srihita, Ld. Counsel for the Applicant. Mr. Nirav Shah and Mr. Alay Razvi, Ld. Liquidator/Respondent.

In view of the change of Liquidator, matter is adjourned to 10.12.2025.

IA(IBC)/644/2025

Present: Ms. Vala Srihita, Ld. Counsel for the Applicant. Mr. Nirav Shah and Mr. Alay Razvi, Ld. Liquidator/Respondent.

In view of the change of Liquidator, matter is adjourned to 10.12.2025.