NCLT Adjourns ACTIF Corp Insolvency Proceedings to July

Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench - Court 2

Order Date: 08/06/2026

Case Overview

This is a procedural order in an ongoing corporate insolvency resolution process (CIRP). The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by financial creditor Clematis Trading Co Pvt Ltd & Ors against the corporate debtor, ACTIF Corporation Ltd. The case is registered as CP(IB) 272 of 2019. The matter was heard by a bench comprising Judicial Member Mrs. Chitra Hankare and Technical Member Dr. Velamur G Venkata Chalapathy. Advocates Mr. Rishi Badraj and Mr. Arjun Sheth represented the applicant and respondent, respectively.

Final Outcome

The tribunal adjourned the hearing and listed the matter for further consideration on 15th July 2026. The applicant's counsel was directed to file compliance with an earlier order passed by the tribunal and serve a copy of the same to the respondent's counsel. The order is signed by both members of the bench.

Topics: Insolvency Proceeding, NCLT Order, Corporate Debtor