Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 10/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC) in matter C.P.(IB)/177(AHM)2026. The case involves Ratnaafin Capital Pvt. Ltd. as the applicant/financial creditor versus Mr. Sushil Alkesh Agarwal, Personal Guarantor to Saarthi Pedalogy Pvt. Ltd., as the respondent.
During the hearing, the learned counsel for the applicant/financial creditor, Mr. Arpit Singhvi, stated that the matter concerning the corporate debtor (Saarthi Pedalogy Pvt. Ltd.) is scheduled for hearing on 15 June 2026. He indicated that there is a likelihood of settlement in the matter and requested that the present case be listed on the same date.
Final Outcome
The NCLT bench comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan ordered the matter to be re-listed for further consideration on 15 June 2026, coinciding with the corporate debtor's hearing date to facilitate potential settlement discussions.
Topics: Insolvency Proceeding, NCLT Order, Settlement Negotiations