Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)
Order Date: 06/07/2026
Case Overview
This is a procedural order in ongoing proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The case, CP(IB)/16(AHM)2023, is between the applicant, Haresh Anantrai Mody (Proprietor of Mody Chem), and the respondent, Ambition Mica Limited. The bench comprised Mrs. Chitra Hankare (Member-Judicial) and Dr. Velamur G Venkata Chalapathy (Member-Technical). The applicant was represented by advocates Mr. Nipun Singhavi and Mr. Rahul Bhavsar. The respondent, Ambition Mica Limited, was represented by Mr. Deven Kumar (a party in person). No Resolution Professional was present for the respondent.
The matter before the tribunal was a compliance update regarding a previous order dated 05.06.2026. The applicant's counsel submitted that the respondent, also referred to as the Successful Resolution Applicant (SRA), had made the payment as directed by the tribunal. The Monitoring Committee had taken note of this payment. Furthermore, an affidavit regarding this compliance had been filed, though its physical copy had not yet been received by the tribunal.
Final Outcome
The tribunal directed the applicant's counsel to file the physical copy of the affidavit within one week. The matter was adjourned and listed for further consideration on 21.07.2026.
Topics: NCLT, IBC Compliance, Corporate Insolvency