Mehul Shah's Rajarshi Cars Insolvency Petition Dismissed

Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: 15/07/2026

Case Overview

The National Company Law Tribunal (NCLT) Ahmedabad heard an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Mr. Mehul Lalitbhai Shah (Applicant/Financial Creditor) against Rajarshi Cars Private Limited (Respondent). The matter was listed as C.P.(IB)/227(AHM)2026. During proceedings, only proxy counsel appeared for the applicant in the first round, prompting the bench to pass over the matter. When called again, the main counsel failed to appear and another proxy counsel appeared without proper authority or a duly executed Vakalatnama to represent the financial creditor.

Final Outcome

The NCLT bench comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan dismissed the insolvency petition in default due to the applicant's failure to ensure proper legal representation. The order effectively terminates the insolvency proceedings against Rajarshi Cars Private Limited without adjudication on the merits of the case.

Topics: Insolvency, Legal Procedure