Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard matter CP(IB)/206(AHM)2026, which is an insolvency proceeding filed by Indian Bank against respondent Mohammadrafik A Kaladia (also known as Mr. Mohammadrafik A Ghanchi). The proceedings are being conducted under Section 121 of the Insolvency and Bankruptcy Code (IBC). The matter was heard by a division bench consisting of Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical).
Final Outcome
The tribunal adjourned the case to 27 July 2026 for further consideration. The adjournment was granted because the applicant's counsel (Indian Bank) was unavailable, and a proxy counsel, Ms. Riddhi Vadgama (appearing for Mr. Ritesh D Patadia, Advocate), requested the adjournment on behalf of the financial creditor. The respondent was represented but no specific representation details were recorded beyond their presence.
Topics: Insolvency Proceeding, Banking Litigation, NCLT Adjournment