Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad, heard an application filed by Canara Bank under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant, Canara Bank, was represented through its Manager and Authorised Signatory from the Stressed Asset Management Branch. The respondent in the matter is Mr. Kishore Mane, who is identified as the guarantor for the debts of Ms PSL Limited. The case is registered as C.P.(IB)/200(AHM)2026, Item No. 219.
During the hearing, the learned proxy counsel for the applicant, Mr. Dhruvin Dosani (appearing for Mr. Vishwas K Shah), requested an adjournment. This request was based on a leave note that had been circulated by the applicant, who is the financial creditor in this proceeding.
Final Outcome
The bench, comprising Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical), granted the adjournment. The matter has been re-listed for further consideration on 6 July 2026. No substantive orders on the merits of the insolvency application were passed on this date.
Topics: Insolvency Proceeding, Banking Debt, Legal Adjournment