Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 16/06/2026
Case Overview
The matter involves an interlocutory application (IA/99(AHM)2026) within the main insolvency petition CP(IB) 207 of 2017 filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application is between Ramesh T Mehta (HUF) as the applicant and Forever Precious Jewellery & Diamond Ltd as the respondent. Both parties were represented by legal counsel during the hybrid mode proceedings.
The key development is that a related matter involving the same parties is pending before the Bombay High Court. The applicant/Liquidator has filed an intervention application in the High Court matter, which has not yet been listed for hearing. The Bombay High Court matter remains pending without a specific hearing date assigned.
Final Outcome
The NCLT bench consisting of Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma adjourned the proceedings and relisted the matter for further consideration on 02 September 2026. The adjournment was granted based on the pending status of the related Bombay High Court matter and the unlisted intervention application.
Topics: Insolvency Proceedings, Corporate Litigation, NCLT Adjournment