Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: 16/06/2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad Bench, heard two interconnected applications (IA/638(AHM)2023 and IA/660(AHM)2023) within the main insolvency petition CP(IB) 380 of 2019. The proceedings were initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Bank of India (Applicant/Financial Creditor) against Raghukul Cottex & Processing Pvt Ltd (Respondent/Corporate Debtor). The matter was listed before a bench comprising Judicial Member Mrs. Chitra Hankare and Technical Member Dr. Velamur G Venkata Chalapathy. Representation included Proxy Advocate Mr. Arjun Padhiyar for the applicant's counsel Ms. Nitu Chaturvedi, and Advocate Mr. Mohit Gupta for the respondent.
The tribunal noted that a leave note had been received from the applicant's side, specifically from their advocate Ms. Nitu Chaturvedi. This procedural development formed the basis for the day's order.
Final Outcome
The NCLT bench adjourned the hearing and listed the matter for further consideration on 22nd July 2026. No substantive decisions on the insolvency petition were made in this order, which dealt solely with the procedural aspect of adjournment due to the counsel's absence.
Topics: Insolvency Proceedings, Banking Dispute, NCLT Hearing