Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad was hearing IA/964(AHM)2026 in CP(IB)/365(AHM)2024, an application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was initiated by HDFC Bank Limited as the financial creditor (Applicant) against JRA Infrastructure Limited as the corporate debtor (Respondent). During the hearing conducted in hybrid mode, despite repeated calls from the bench, no representative or counsel appeared on behalf of the applicant HDFC Bank. The matter was initially passed over and then recalled, but again no one appeared for the applicant.
Final Outcome
The NCLT bench comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan adjourned the matter and relisted it for next hearing on 06 July 2026. The tribunal specifically noted that the matter would be listed for "hearing/dismissal" on that date. The registry was directed to serve a copy of this order through electronic mode to both the applicant (HDFC Bank Limited) and their counsel.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Procedure