Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: 09/06/2026
Case Overview
This proceeding involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The operational creditor, Harsh Foundry Fluxes & Alloys, is the applicant against the corporate debtor, Twenty First Century Castings Pvt Ltd. The matter is registered as IA No. 591 of 2020 in CP(IB) 536 of 2019. The tribunal noted that the Resolution Professional (RP) was not present at the hearing. It was observed that the matter is currently pending before the Hon'ble Supreme Court of India, though the applicant's counsel did not provide any update regarding this pending litigation.
Final Outcome
The tribunal adjourned the hearing and issued two specific directives: (1) The applicant's counsel (Proxy Ms. Saloni Agarwal representing Mr. Vishal Raval) was directed to file an affidavit detailing the status of the proceedings pending before the Supreme Court within seven days; and (2) The Resolution Professional was directed to remain present at the next hearing. The matter has been listed for further consideration on 17 June 2026. The order was signed by both members of the bench: Dr. V. G. Venkata Chalapathy (Member Technical) and Mrs. Chitra Hankare (Member Judicial).
Topics: Corporate Insolvency, Legal Proceedings, NCLT Hearing