# In the matter of VIL Ltd.

> NCLT judgment dated 2023-05-15. Citation: TCN-2023-NCLT-03373. The case pertains to an application filed by ICICI Bank Ltd under Section 7 of the Insolvency…

- **Court:** NCLT
- **Order date:** 15 May 2023
- **Citation:** TCN-2023-NCLT-03373
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/vil-ltd-f07d0f0a

## Summary

### Background

The case pertains to an application filed by ICICI Bank Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016, against VIL Ltd. The order addresses compliance with a previous order dated 10.04.2023.

## Facts

ICICI Bank Ltd filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against VIL Ltd. The registry was directed to report on the compliance of the order dated 10.04.2023. The matter is listed again on 26.07.2023. The respondents are given a last chance to complete the pleadings before the next hearing. The order was delivered on 15.05.2023.

## Issues and analysis

### Issue 1: Whether the registry has complied with the order …

**Ratio:** The registry is responsible for

…

**Reasoning:** The court needs to ensure that its orders are being followed and implemented by the

…

**Interpretation:** The court is seeking confirmation that the administrative aspects of the

…

**Application:** The registry is directed to report on the compliance of the order dated

…

## Parties

- **Judges:** Ramalingam…; SH. ATUL CHATURVED…
- **Appellants:** ICICI Ban…
- **Respondents:** VIL L…

## Timeline

- **2023-04-10 — Previous Ord…**: Order dated 10.04.2023, compliance…
- **2023-05-15 — Order Del…**: Order delivered on 15.05.2023,…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/vil-ltd-f07d0f0a