NCLT Adjourns ISGEC vs SMW Ispat Insolvency Petition

Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad

Order Date: 15 July 2026

Case Overview

This proceeding involves an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The applicant/operational creditor is ISGEC Heavy Engineering Limited, and the respondent/corporate debtor is M/s. SMW Ispat Private Limited. The tribunal, comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma, convened in hybrid mode. A service report affidavit confirmed that notice was sufficiently served to the respondent via Registered Post on 8 July 2026 and electronically on 6 July 2026. The respondent appeared through its counsel and filed a reply electronically on 14 July 2026, with plans to submit the physical copy and Vakalatnama.

Final Outcome

The applicant's proxy counsel was granted 7 days from 15 July 2026 to file a rejoinder to the respondent's reply. The case has been relisted for arguments on 27 July 2026. The matter remains pending and adjourned for further submissions.

Topics: Insolvency Proceeding, NCLT, Corporate Debt