Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC) between Ricova International INC (Applicant/Operational Creditor) and Shree Narayan Kraft Paper Mill LLP (Respondent). The case involves an operational debt dispute. The matter was heard by a Division Bench consisting of Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma. Legal representation included Mr. Arjun Sheth for the Applicant and Mr. Aditya Mehta for the Respondent.
During the hearing, the counsel for the Applicant/Operational Creditor sought additional time to file the rejoinder in the case. The Tribunal considered this request and granted an extension of seven days for filing the rejoinder.
Final Outcome
The NCLT adjourned the matter and relisted it for arguments on 22 July 2026. The case remains pending before the Tribunal with no final determination on the insolvency petition at this stage.
Topics: Insolvency Proceedings, NCLT Adjournment, Operational Debt