Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 06/07/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard Interim Application No. IA/1350(AHM)2025 in the main Company Petition No. C.P.(IB)/279(AHM)2025. The proceedings are under Section 123 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant is Reliance Asset Reconstruction Company Limited, and the respondent is Mr. Shrenik Ashokbhai Morakhia. The matter was heard in hybrid mode. The proxy counsel for the applicant, Mr. Shubham Singh (proxy for Mr. S.C. Bhatt), sought another opportunity to file the status of a meeting that was supposed to be held as recorded in a previous order dated June 3, 2026. The respondent was represented by Mr. Pranjit Bhattacharya, Advocate, along with the party-in-person (PG) Mr. Shrenik Ashokbhai Morakhia.
Final Outcome
The bench comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical) adjourned the matter for further consideration on July 15, 2026. The order grants the applicant's request for additional time to file the status report regarding the meeting.
Topics: Insolvency Proceeding, NCLT Hearing, Adjournment