Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 17/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard multiple Interlocutory Applications (IAs) connected to the corporate insolvency resolution process of Parsoli Motor Works Pvt Ltd. The applications included IA 940 of 2020, IA 300 of 2018, IA 870 of 2020, IA/198(AHM)2021, IA/642(AHM)2023, and IA/156(AHM)2026 in the main matter CP(IB) 161 of 2017, which was initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC) by financial creditor BMW India Financial Services Pvt Ltd. The matter is currently pending before the Supreme Court of India, where it was listed in December 2025 but has not yet received an actual hearing date before a bench.
Final Outcome
The NCLT bench comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma allowed the adjournment request made by the counsel for the Applicant/Resolution Professional. The tribunal ordered the matter to be re-listed for further consideration on 15th September 2026, pending the outcome at the Supreme Court level.
Topics: Insolvency Proceedings, NCLT Adjournment, Supreme Court Matter