Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: July 15, 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad Bench heard matters IA/194(AHM)2022, IA/196(AHM)2022, and IA/752(AHM)2022 in the main petition CP(IB) 20 of 2020. The proceedings involve an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by Continental Piling & Excavation Pvt Ltd (Applicant) against Anwesha Engineering & Projects Ltd (Respondent). The matter was heard by a bench consisting of Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical).
During the hearing, the applicant's counsel, Mr. Jaimin Dave assisted by Ms. Hirva Dave, appeared and sought additional time to file a substitution application specifically for the deletion of one of the applicants, Raj Radhe Finance. The counsel also confirmed compliance with previous orders issued by the tribunal.
Final Outcome
The tribunal directed the applicant to file the substitution application within one week, along with minutes detailing how any realized amount would be distributed among the remaining parties. The matter was adjourned and listed for further consideration on August 25, 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt Dispute