Page 203 - IBC Orders us 7-CA Mukesh Mohan

Order Passed Under Sec 7
Hon’ble NCLT Ahemdabad Bench

IN THE NATIONAL COMPANY LAW TRIBUNAL
AHMEDABAD BENCH

C.P. No. (IB) 48/7/NCLT/AHM/2017

Decided On: 18.07.2017

Applicant: State Bank of India
Vs.
Respondent: Alok Industries Limited

Judges/Coram:
Hon'ble Sh. Bikki Raveendra Babu, Member (J)

Counsels:
For Appellant/Petitioner/Plaintiff: Animesh Bisht Gaurav Gupte and Sahil Shah, Learned Advocates

For Respondents/Defendant: Petrushka Deas, Learned Advocate, Ishan Ravendranath and Haresh
Jagtiani, Learned Advocates

ORDER

Hon'ble Sh. Bikki Raveendra Babu, Member (J)

1. State Bank of India a body Corporate established under the State Bank of India Act, 1955 having its
Corporate centre at State Bank Bhavan, Madam Cama Road, Mumbai-400021 filed this application to

initiate Corporate Insolvency resolution process in respect of Alok Industries Limited under the
Insolvency and Bankruptcy Code, 2016.

2. It is stated that vide separate gazette notifications each dated February 22nd, 2017 State Bank of
Hyderabad, State Bank of Patiala, State Bank of Mysore, State Bank of Travancore and State Bank of

Bikaner and Jaipur have merged into SBI with effect from April 01, 2017.

3. For the purpose of this application various facilities granted to Alok Industries by the Associate Banks
prior to the effect of merger is now considered as of facilities of State Bank of India.

4. Mr. Munna Prasad Thakur is a person authorised to file this application pursuant to Regulation of 77 of

the State Bank of India General Regulations, 1955 (framed under Section 50 of the State Bank of India
Act, 1955.) The authorisation letter dated 27 March, 1987 has been filed.

5. Alok Industries Limited is a Company registered under Companies Act, 1956 having its Registered
Office at 17/5/1, 521/1, Village Rakholi/Saily, Silvassa, 396 230, Union Territory Dadra & Nagar Haveli,

203