Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench
Order Date: 10 July 2026
Case Overview
This is a procedural order in an ongoing insolvency proceeding filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was filed by Rajkot Nagrik Sahakari Bank Limited (Financial Creditor/Applicant) against Ramdev PVC Product Private Limited (Corporate Debtor/Respondent). The case is registered as CP(IB)/148(AHM)2022. The bench comprised Mrs. Chitra Hankare, Member (Judicial) and Dr. Velamur G Venkata Chalapathy, Member (Technical). The applicant was represented by Advocate Mr. Randhir Rajpurohit, and the Liquidator was represented by CA Mr. Naveen Bazari. The respondent was noted as appearing ex parte, meaning they were not present or represented at this hearing.
Final Outcome
The Tribunal did not issue a final ruling on the matter. The applicant's counsel informed the bench that an explanatory affidavit and written submissions had already been filed and requested to argue the matter. Consequently, the NCLT adjourned the hearing and listed the case for further consideration on 7 August 2026.
Topics: Insolvency Proceeding, NCLT Hearing