Authority: National Company Law Tribunal, Division Bench, Court-1, Ahmedabad
Order Date: 16/06/2026
Case Overview
The matter involves an application (IA/890(AHM)2026) filed within the main insolvency petition C.P.(IB)/179(AHM)2025 under Section 7 of the Insolvency and Bankruptcy Code (IBC). The proceedings are between Canara Bank (Applicant/Financial Creditor) and M/s Sitaram Prints Pvt. Ltd (Respondent/Corporate Debtor). The bench comprised Hon'ble Member (Judicial) Mr. Shammi Khan and Hon'ble Member (Technical) Mr. Sanjeev Sharma. At the previous hearing on 10/06/2026, no one appeared on behalf of the Applicant/Resolution Professional (RP), though the registry served the order intimating the next date. On 16/06/2026, Mr. Amol Vyas, advocate for the Applicant/RP, appeared and sought a short accommodation to place the physical copy on record.
Final Outcome
The Tribunal adjourned the matter to 19/06/2026 for further consideration. The Resolution Professional was directed to remain present on the next date of hearing to assist the Tribunal.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor