Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC) in the matter of Indian Renewable Energy Development Agency Limited (Applicant) versus Gensol EV Lease Limited (Respondent). The case identifier is IA/989(AHM)2026 in C.P.(IB)/199(AHM)2025. The hearing was conducted in hybrid mode before a bench comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma.
The Resolution Professional for the applicant filed a service affidavit on 13 July 2026 (Inward Diary No. D-5759) confirming that notice upon the Respondent/GST Department had been served through Registered Post on 08 July 2026 and through e-mode and Dasti on 06 July 2026. The Tribunal held the service to be sufficient.
The Respondent (GST Department) appeared through learned counsel Mr. Neel Lakhani, who undertook to file the Vakalatnama in due course and sought additional time to file their reply to the application.
Final Outcome
The Tribunal granted the GST Department seven additional days to file their reply. Any rejoinder by the applicant must be filed well before the next hearing date. The matter has been adjourned and re-listed for further consideration on 29 July 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Adjournment