Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 17/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard IA/1106(AHM)2025 in C.P.(IB)/53(AHM)2023, which involves proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC). The matter is between Basil Enterprise (Applicant) and Sebacic India Ltd (Respondent). The bench comprised Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical). Representatives for both parties were present: Mr. Nandish Chudgar, Advocate for the Applicant, and Mr. Nipun Singhvi, Advocate for the Respondent.
The tribunal was apprised that a related matter is pending before the National Company Law Appellate Tribunal (NCLAT) and is scheduled for hearing on July 7, 2026. Accordingly, a request was made to adjourn the current matter beyond that date.
Final Outcome
The NCLT granted the adjournment and directed that the matter be re-listed for further consideration on August 18, 2026. No substantive rulings on the insolvency application were made in this order.
Topics: Insolvency Proceedings, Legal Adjournment, NCLT