Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: 13 July 2026

Case Overview

This proceeding involves an application (IA/1062(AHM)2026) filed under Section 19(2) read with Section 70 of the Insolvency and Bankruptcy Code, 2016 against the suspended directors of Adison Granito Pvt Ltd. The application was filed in the matter of RCP(IB)/3(AHM)2025, which is a proceeding under Section 9 of the IB Code, 2016 initiated by Shri Kantbhai Pravin Bhai Patel, Sole Proprietor of M/s Dhanvi International. The applicant sought directions against the suspended directors (Respondent Nos. 1 to 3) to extend cooperation and hand over the books of account, records, assets, and information of the Corporate Debtor to the Interim Resolution Professional (IRP).

The IRP submitted that despite repeated communications dated 12 June 2026, 16 June 2026, 26 June 2026, 27 June 2026, 1 July 2026, and 2 July 2026, the respondents failed to hand over the required records and information necessary for conducting the Corporate Insolvency Resolution Process (CIRP). The Statutory Auditor and Forensic Auditor also reported non-cooperation by the respondents. The tribunal noted that Section 19 of the Code mandates the personnel and suspended management of the Corporate Debtor to extend all assistance and cooperation to the IRP.

A separate application (IA/1063(AHM)2026) was filed under Sections 21 and 60(5) of the Code read with Rule 11 of the NCLT Rules, 2016 to place on record the Committee of Creditors formation report dated 4 July 2026. This application was taken on record and disposed of.

Final Outcome

The tribunal issued notice to Respondent Nos. 1 to 3, returnable on the next date of hearing (20 July 2026). The applicant was directed to serve the notice through all permissible modes, including e-mail, speed post, and hand delivery, and to file an affidavit of service at least three days before the next hearing. The respondents were directed to file their reply, if any, within two days from the date of receipt of notice, with an advance copy to the applicant. The matter was listed for further consideration on 20 July 2026.

Topics: Corporate Insolvency, Director Non-Cooperation