NATIONAL COMPANY LAW TRIBUNAL

COURT-V, MUMBAI BENCH

207. IA/2940/2024 IA/651/2024 IA/5570/2023 IA/5571/2023 C.P. (IB)/295(MB)2022

IN THE MATTER OF

Kotak Mahindra Bank Limited

Vs

Hybro Foods Private Limited

U/s 7 of the Insolvency and Bankruptcy Code, 2016

Order Delivered on 07.10.2025

CORAM:

SH. MOHAN PRASAD TIWARI SH. CHARANJEET SINGH GULATI

MEMBER (J) MEMBER (T)

Appearance through VC/Physical/Hybrid Mode:

For the Applicant in IA/2940/2024 &

IA/651/2024:- Adv. Ayush J Rajani a/w. Adv. Khushboo

Shah Rajani a/w Adv. Mitali Bhatt i/b AKR

Legal (VC)

IA 5570 of 2023 & IA 5571 of 2023: Adv. Nikhil Rajani (PH)

For the Applicant in

For the Respondent in IA 2940/2024: Adv Deepak Saxena (R2)

For the Respondent in IA/5570/2023

& IA/5571/2023 Adv. Sarosh Damania (R1)

For the Respondent in IA 651/2024:- Adv. Nirav Shah (R1) MSEDCL (VC) ________________________________________________________________

ORDER

IA 2940/2024: - This is the IA filed by the RP in respect of the releasing of the FDs kept with the bank for issue of bank guarantees. In all there are 4 bank guarantees and at the time of filing of this IA, 2 of the guarantees were still running and their dates have not expired. However as of now, the bank guarante