Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 06/07/2026
Case Overview
This matter involved proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was filed by Catalyst Trusteeship Limited (Financial Creditor/Applicant) against Blu-Smart Charge Pvt. Ltd (Corporate Debtor/Respondent). The specific application in question was IA/933(AHM)2026 in the main petition C.P.(IB)/483(AHM)2025. During the proceedings, the learned counsel for the applicant, Mr. Narendra Singh, sought permission to withdraw this application.
The applicant requested liberty to file a fresh application with better particulars and documents, indicating that the current filing may have been insufficient in its documentation or specifics.
Final Outcome
The NCLT Ahmedabad bench, comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma, allowed the request. The application (IA/933(AHM)2026) was dismissed as withdrawn. The order grants liberty to the applicant, Catalyst Trusteeship Limited, to file a fresh application with improved particulars and documentation at a future date.
Topics: Insolvency Proceeding, Application Withdrawal, NCLT Order