Page 211 - 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. (I.B.) No. 48/7/NCLT/AHM/2017

Decided On: 21.07.2017

Applicant: Industrial and Commerce Bank of China

Vs.
Respondent: Alok Industries Ltd.

Judges/Coram:

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

Counsels:
For Appellant/Petitioner/Plaintiff: Saubrabh, Jaimin R. Dave, Animesh Bisht, Gaurav Gupta, Sahil shah
& Bhadrish S. Raju, Learned Advocates

For Respondents/Defendant: Ishan Ravindranath & Petmshka Deas, Learned Advocates

ORDER

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

Learned Advocate Mr. Saurabh Soparkar with Learned Advocate Mr. Jaimin Dave with Learned
Advocate Mr. Bhadrish Raju with Learned Advocate Mr. Udit Mendiratta present for Applicant. Learned

Advocate Mr. Animesh Bisht with Learned Advocate Mr. Sahil Shah present for Respondent/ Original
Petitioner. Learned Advocate Mr. Ishan Ravendranath with Learned Advocate Ms. Petrusha Deas i/b
Haresh Jagtiani present for Respondent/ Original Respondent. Heard arguments of Learned Counsel for

Applicant /Intervener and Learned Counsel for State Bank of India and learned Counsel for Alok
Industries Ltd.

Order pronounced in open Court. Vide separate sheet.

1. Industrial and Commercial Bank of China Limited filed this Application for intervention in the
proceedings filed by State Bank of India against Alok Industries Ltd., for triggering Insolvency
Resolution Process under Section 7 of The Insolvency and Bankruptcy Code, 2016(" Insolvency

211