# In the matter of AAACORP Exim India Pvt. Ltd. vs. Saraswat Co-Operative Bank Ltd. & Anr.

> NCLAT judgment dated 2026-03-27. Citation: TCN-2026-NCLAT-00093. This appeal was filed against the order dated 05/02/2026, by which I.A. No. 3713/2024, filed…

- **Court:** NCLAT
- **Order date:** 27 Mar 2026
- **Citation:** TCN-2026-NCLAT-00093
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/aaacorp-exim-india-pvt-ltd-vs-saraswat-co-operative-bank-ltd-anr-f8c6a561

## Summary

### Background

This appeal was filed against the order dated 05/02/2026, by which I.A. No. 3713/2024, filed by the Respondent Bank has been allowed, permitting the Appellant to amend the date of default and date declaration of the NPA.

## Facts

The Respondent Bank filed I.A. No. 3713/2024, which was allowed by the Adjudicating Authority.

The Appellant was permitted to amend the date of default and date declaration of the NPA.

The Appellant argued that relevant RBI inspection reports were not brought on record without permission.

The Adjudicating Authority referred to the Supreme Court judgement in Dena Bank vs. C. Shivakumar Reddy, which permits amendment of applications by the Financial Creditor under Section 7.

The Respondent was given time to object to the date of default and declaration of NPA and file a reply.

The court found no error in the Adjudicating Authority's order allowing the financial creditor to amend the dates.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority erred in allowing the Respondent Bank to amend the date of …

**Ratio:** The Adjudicating Authority's decision was upheld based on the principle that amendments

…

**Reasoning:** The court relied on the Supreme Court's judgement in Dena Bank vs. C. Shivakumar Reddy,

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**Interpretation:** The court interpreted the law to allow for amendments to dates of default and

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**Application:** The principle was applied to allow the Respondent Bank to amend the dates,

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** AAACORP Exim…
- **Respondents:** Saraswat Co-Operat…
- **Advocates:** Pulkit S…; Sonakshi…

## Timeline

- **2026-03-27 — Hearing…**: Heard Ld. Counsel for Appellant and Ld.…
- **2026-02-05 — Order Da…**: Order passed by which I.A. No. 3713/2024, filed by the Respondent Bank has been allowed,…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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