# In the matter of Indian Bank vs. Nipun Verma

> NCLT judgment dated 2025-10-06. Citation: TCN-2025-NCLT-01518. The Indian Bank, formerly Allahabad Bank, filed an application under Section 60(5) of the…

- **Court:** NCLT
- **Order date:** 6 Oct 2025
- **Citation:** TCN-2025-NCLT-01518
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/indian-bank-vs-nipun-verma-0c92c9dc

## Summary

### Background

The Indian Bank, formerly Allahabad Bank, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking to amend the Company Petition.

## Facts

Indian Bank (formerly Allahabad Bank) filed an application to amend the Company Petition.

The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016.

The Respondent Personal Guarantor opposed the amendment, claiming the cause of action was time-barred.

The Applicant sought to amend the date of default.

The Tribunal considered precedents cited by both the Applicant and the Respondent.

The Tribunal noted that it is bound to ascertain the correct date of default.

## Issues and analysis

### Issue 1: Whether the Tribunal can allow the amendment of the …

**Ratio:** The Tribunal can allow the amendment if it does not result in a fresh cause of action or

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**Reasoning:** The Tribunal is bound to ascertain the correct date of default, and allowing the

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**Interpretation:** The power to amend should be exercised judiciously, considering the potential

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**Application:** In this case, allowing the amendment to correct the date of default is

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## Parties

- **Judges:** Prabhat…; Sushil Mahadeorao…
- **Appellants:** Indian…; Vaishali B…
- **Respondents:** Nipun V…
- **Advocates:** Vaishali B…; Malhar Za…; +2 more

## Timeline

- **06.10.2025 — Order Sheet of the…**: Order sheet of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95(1) — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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