Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 10/06/2026
Case Overview
This proceeding, registered as IA/606(AHM)2026 in CP(IB)/39(AHM)2021, is an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The financial creditor, Axis Bank Ltd, is the applicant in a petition against the corporate debtor, Cengres Tiles Ltd, the respondent. The tribunal noted that a notice was issued to the respondent and that the service report, filed on May 13, 2026 (Inward Diary No. D-4133), confirmed that service was completed via registered post on May 2, 2026.
During the hearing, the learned counsel for the respondent, Ms. Manvi Damle, sought an additional week to file a reply to the application. The tribunal, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, allowed this request.
Final Outcome
The tribunal granted an extension of one week for the respondent, Cengres Tiles Ltd, to file its reply. Subsequently, the applicant, Axis Bank Ltd, is given one week to file a rejoinder, if any. The matter has been adjourned and is next listed for further consideration on July 8, 2026. No final decision on the admission of the insolvency petition was made in this order.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor