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2025 Supreme(Online)(NCLT) 6144

NATIONAL COMPANY LAW TRIBUNAL
SH. MOHAN PRASAD TIWARI, SH. CHARANJEET SINGH GULATI, JJ
Kotak Mahindra Bank Limited – Appellant
Versus
Hybro Foods Private Limited – Respondent


Advocates:
For the Appellants/Petitioners: Adv. Ayush J Rajani, Adv. Khushboo Shah Rajani, Adv. Mitali Bhatt
For the Respondents: Adv. Deepak Saxena, Adv. Sarosh Damania, Adv. Nirav Shah

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 guarantees have all expired. Learned counsel for the respondent seeks time to seek instruction in view the period of bank guarantees have expired whether, they have received any claim from any person in respect of these bank guarantees by his client. He accordingly wishes to place such facts on record by way of additional affidavit. Let the same be done within a period of two weeks. List for further consideration on 27.11.2025

IA 651/2024: - This IA has been filed by the RP seeking following prayers.

1. Allow the present IA of 2023 under provision of Section 60 (5) read with Section 14 of the Code;

2. Pass necessary order directing the Respondent to refund the Security Deposit of Rs. 13,23,102/- deposited by Hybro Foods Private Limited, immediately, into the designated account of the Corporate Debtor;

3. Issue such other necessary orders as may be deemed necessary in the matt

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