Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench - Court 2
Order Date: June 8, 2026
Case Overview
This proceeding is an Interlocutory Application (IA/997(AHM)2023) within the main insolvency petition CP(IB) 38 of 2020. The application was filed by IDBI Bank Ltd (Applicant/Financial Creditor) against Sumeet Industries Ltd (Respondent/Corporate Debtor). The matter was previously heard by the National Company Law Appellate Tribunal (NCLAT) and has been remanded back to the NCLT with certain specific directions, the details of which are not elaborated upon in this particular order. The case involves a monitoring committee, and its chairman is the Resolution Professional (RP).
Final Outcome
The tribunal has adjourned the matter for further consideration on July 15, 2026. In the interim, it has issued the following directives:
- The counsel for the respondent (Sumeet Industries Ltd) is directed to file a reply to the application within one week.
- The Resolution Professional (RP), who is the chairman of the monitoring committee, is directed to file his reply and vakalatnama (a document authorizing an advocate to act for a client) within 7 days via an affidavit, with a copy provided to the other side.
The order is signed by the two-member bench comprising Dr. V. G. Venkata Chalapathy (Member - Technical) and Mrs. Chitra Hankare (Member - Judicial).
Topics: Insolvency Proceeding, NCLT Directions