Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 30/06/2026
Case Overview
This proceeding involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by K B Udhyog Limited Liability Partnership (Applicant/Operational Creditor) against Laxmi Metal Syndicate LLP (Respondent/Corporate Debtor). The matter was heard by a bench comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical). From the beginning of the proceedings, the respondents have neither appeared nor filed any reply despite service. Consequently, vide order dated 03.06.2026, the tribunal had closed the respondents' right to file a reply. On the date of this order (30.06.2026), again no one was present on behalf of the respondents.
It was appraised by the Learned Counsel for the Applicant/Resolution Professional that a linked liquidation application (IA(Liq.)/6(AHM)2026) is scheduled for hearing on 15.07.2026. In that liquidation matter, certain directions had been issued to the Applicant/RP to place on record certain documents of the Corporate Debtor. The Applicant/RP stated that these directions had been complied with by filing an additional affidavit.
Final Outcome
The tribunal deemed it appropriate to list the present matters (IA/442(AHM)2026 & IA/443(AHM)2026) on the same date as the linked liquidation application. The proceedings were adjourned and re-listed for further consideration on 15.07.2026.
Topics: Insolvency Proceeding, NCLT Proceeding