Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 17 June 2026
Case Overview
The matter involves an application filed by State Bank of India under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Archon Engicon Ltd. The case is registered as CP(IB) 211 of 2020. The current hearing concerns IA/185(AHM)2025.
Previously, on 21 April 2026, Respondents No. 6A and 6B had sought and were granted an additional two-week opportunity to file their reply to the application. However, as of 17 June 2026, no reply had been filed on their behalf, and no representative was present for them during the hearing. Consequently, the tribunal closed the right of Respondents No. 6A and 6B to file their reply. Respondents R-4, R-5, R-7, and R-10 were already proceeding ex-parte. The applicant's counsel requested an adjournment.
Final Outcome
The tribunal adjourned the matter and scheduled it for final arguments on 24 June 2026. No substantive ruling on the insolvency application itself was made in this order.
Topics: Insolvency Proceeding, NCLT, Banking Dispute