Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)
Order Date: June 29, 2026
Case Overview
This is a proceeding under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Greka Green Solutions (India) Ltd as the operational creditor against Essar Oil and Gas Exploration & Production Ltd as the corporate debtor. The matter was heard by a two-member bench consisting of Judicial Member Mrs. Chitra Hankare and Technical Member Dr. Velamur G Venkata Chalapathy. The applicant's counsel, Mr. Monaal Davawala, appeared and informed the tribunal that he had filed his Vakalatnama online and was submitting the physical copy on the day of the hearing. He requested additional time to attempt to settle the dispute between the parties.
Final Outcome
The NCLT granted the request for adjournment and listed the matter for further consideration on July 31, 2026. No other directions were issued at this stage.
Topics: Insolvency Proceeding, Corporate Dispute, Legal Adjournment