Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 29/06/2026
Case Overview
The matter involves two Interlocutory Applications (IA/559(AHM)2026 and IA/574(AHM)2026) within a main petition (C.P.(IB)/199(AHM)2025) filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition is an insolvency plea initiated by the Indian Renewable Energy Development Agency Limited (Financial Creditor/Applicant) against Gensol EV Lease Limited (Corporate Debtor/Respondent). The proceedings concern procedural steps for filing replies and rejoinders.
Final Outcome
The Tribunal granted adjournments for the filing of rejoinders in both applications:
- For IA/559(AHM)2026: The Learned Counsel for the Applicant/Resolution Professional (Mr. Rishi Singhal with Mr. Keshav Khaneja, RP in person) was granted seven days to file a rejoinder. The matter was relisted for further consideration and arguments on 08.07.2026. The physical copy of the reply was directed to be made available on record.
- For IA/574(AHM)2026: The reply was noted to have been uploaded on the DMS Portal on 26.06.2026. The Learned Counsel for the respondent undertook to ensure the availability of its physical copy. The Learned Counsel for the applicant was granted seven days to file a rejoinder. The matter was relisted for further consideration and arguments on 07.07.2026.
The bench comprised Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical).
Topics: Insolvency Proceeding, NCLT, Corporate Debt