Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 16 June 2026
Case Overview
The matter involves an insolvency petition (C.P.(IB)/219(AHM)2024) filed by M & B Engineering Limited (Applicant) against Mascot Suryapur LLP (Respondent) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was listed for hearing on 16 June 2026. Counsel for both parties appeared and submitted that an appeal in a similar matter involving the parties is pending before the National Company Law Appellate Tribunal (NCLAT) and is scheduled for hearing on 15 July 2026. They jointly requested an adjournment of the NCLT proceedings until after the NCLAT hearing date.
Final Outcome
The NCLT bench, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, allowed the request for adjournment. The matter has been relisted for further consideration on 2 September 2026, pending the outcome of the NCLAT appeal scheduled for 15 July 2026.
Topics: Insolvency Proceeding, NCLT Adjournment, NCLAT Appeal