Akola Urban Co operative Bank Ltd vs The Registrar of National Company Law Tribunal Mumbai bench — WP/1578/2026
Case under The Insolvency and Bankrupcy Code,2016 Section 226. Disposed: Contested--DISPOSED OFF on 17th April 2026.
CNR: HCBM020015332026
e-Filing Number
14-01-2026
Filing Number
WP/1533/2026
Filing Date
17-01-2026
Registration No
WP/1578/2026
Registration Date
30-03-2026
Judge
HON'BLE SHRI JUSTICE MANISH PITALE , HON'BLE SHRI JUSTICE SHREERAM VINAYAK SHIRSAT
Coram
HON'BLE SHRI JUSTICE MANISH PITALE , HON'BLE SHRI JUSTICE SHREERAM VINAYAK SHIRSAT
Bench Type
Division
Category
MERCANTILE LAWS COMMERCIAL TRANSACTIONS , BANKS ( 28 )
Sub-Category
Insolvency Bankcruptcy ( 100 )
Judicial Branch
Original
Decision Date
17th April 2026
Nature of Disposal
Contested--DISPOSED OFF
Acts & Sections
Petitioner(s)
Akola Urban Co operative Bank Ltd
Adv. AAYUSH KEDIA
Respondent(s)
The Registrar of National Company Law Tribunal Mumbai bench
Chhaya Kale
Adv. Prama Raval
Ravi Amratlal Waghela
Hearing History
Judge: HON'BLE SHRI JUSTICE MANISH PITALE , HON'BLE SHRI JUSTICE SHREERAM VINAYAK SHIRSAT
FRESH ADMISSION
FRESH ADMISSION
| Date | Purpose |
|---|---|
| 08-04-2026 | FRESH ADMISSION |
| 17-04-2026 | FRESH ADMISSION |
Orders
Case Summary: WP/1578/2026 Decision: The Bombay High Court allowed Akola Urban Co-operative Bank's writ petition and quashed the Debts Recovery Tribunal's March 24, 2025 order imposing a moratorium. The Court held that since the NCLT Registrar declined to register the insolvency petition under the IBC, no moratorium exists, permitting the bank to proceed with debt recovery and security enforcement under the Securitisation Act. The Court directed DRT-II to dispose of the related securitisation application by July 15, 2026. This case analysis is maintained by casestatus.in based on publicly available court records.
Case Summary: WP/1578/2026 Decision: The Bombay High Court allowed Akola Urban Co-operative Bank's writ petition and quashed the Debts Recovery Tribunal's March 24, 2025 order imposing a moratorium. The Court held that since the NCLT Registrar declined to register the insolvency petition under the IBC, no moratorium exists, permitting the bank to proceed with debt recovery and security enforcement under the Securitisation Act. The Court directed DRT-II to dispose of the related securitisation application by July 15, 2026. This case analysis is maintained by casestatus.in based on publicly available court records.
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