Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 16/06/2026
Case Overview
This proceeding, registered as IA(Dis.)/4(AHM)2025 in CP(IB) 135 of 2020, is an interlocutory application within a matter filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The applicant is Garden Silk Mills Ltd, and the respondent is Rashmi Yarns Ltd. The applicant was represented by their legal counsel, Mr. Sachin Daga, Advocate, along with the Resolution Professional, Mr. Ganesh Venkata, who appeared in person. The bench comprised Hon'ble Member (Judicial) Mr. Shammi Khan and Hon'ble Member (Technical) Mr. Sanjeev Sharma.
The principal reason for the hearing was a request for an adjournment. The counsel for the applicant/liquidator informed the tribunal that an appeal related to this matter is still pending adjudication before the National Company Law Appellate Tribunal (NCLAT). The next date for hearing that appeal was scheduled for 14th July 2026. Based on this pending appeal, a request was made to adjourn the current NCLT matter to a date after the NCLAT hearing.
Final Outcome
The NCLT bench granted the request for an adjournment. The matter has been re-listed for further consideration on 2nd September 2026.
Topics: Insolvency Proceeding, NCLT, Adjournment