Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard IA/1351(AHM)2025 in CP(IB)/281(AHM)2025, an application filed by Reliance Asset Reconstruction Company Limited against Pankaj Kantilal Morakhia under Section 123 of the Insolvency and Bankruptcy Code (IBC). The matter was listed before a bench comprising Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical).
During the hearing, the applicant was represented by Mr. Shubham Singh, Proxy Advocate for Mr. S.C. Bhatt, Advocate, along with Mr. Mahesh R Sureka, BT. The respondent (Personal Guarantor) was represented by Mr. Pranjit Bhattacharya, Advocate, with Mr. Pankaj Kantilal Morakhia present in person.
The proxy counsel for the applicant stated that an affidavit had been filed and served upon the opposite side. He also informed the tribunal that the main counsel (Mr. S.C. Bhatt) was not available for the proceedings.
Final Outcome
The NCLT bench adjourned the matter and ordered it to be relisted for further consideration on 11 August 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt