Authority: National Company Law Tribunal, Division Bench, Court-1, Ahmedabad
Order Date: 22/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 between Drip Capital Inc. (Applicant) and Girdhari International Private Limited (Respondent). The case is registered as IA/709(AHM)2025 in C.P.(IB)/238(AHM)2023. The bench comprised Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical). Representation included Mr. Monaal Davawala for the Applicant, Mr. Kadam as proxy advocate for Mr. P. M. Lakhani representing Respondents 1, 2, 4, and 5, and Ms. Natasha D Shah representing Respondent 3.
The tribunal noted that the Applicant had again failed to file written submissions as required. However, the Applicant did file a rejoinder to the reply of Respondent 3 on June 19, 2026, which was accepted on record (Inward No. D 5035).
Final Outcome
The tribunal granted another adjournment at the request of the Applicant's counsel. The matter has been re-listed for arguments on July 22, 2026. This continues a pattern of adjournments due to the Applicant's non-compliance with submission requirements.
Topics: NCLT Proceedings, Insolvency Case, Legal Adjournment