Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 13/07/2026
Case Overview
This proceeding involves an application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Saffron Gems Private Limited (Financial Creditor/Applicant) against Antique Exim Private Limited (Corporate Debtor/Respondent). The matter was listed before the bench comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical).
The tribunal noted that a service affidavit filed on July 13, 2026 (Inward No. D-5740) indicated that notice upon the respondent was served through registered post (delivered on July 2, 2026) and electronic mode (delivered on June 29, 2026). However, the applicant had not taken steps for service through Dasti mode as directed by the tribunal's previous order dated June 25, 2026.
Additionally, the applicant failed to comply with the tribunal's direction to place on record all correspondence exchanged between the parties from May 1, 2026, till date. The applicant's counsel, Mr. Jaimin Dave assisted by Ms. Hirva Dave, sought additional time to file an affidavit in compliance with this requirement.
Final Outcome
The tribunal granted the applicant time to file the compliance affidavit and directed fresh steps for service through Dasti mode as per the June 25, 2026 order. The registry was instructed to issue Dasti notice, which the applicant must collect and serve upon the respondents along with a copy of this order. The respondent is required to file their reply within seven days from the date of receipt of notice. Any rejoinder must be filed before the next hearing date. The applicant must file proof of service by way of affidavit before the next date. The matter has been adjourned for further consideration on July 29, 2026.
Topics: Corporate Insolvency, NCLT Proceedings, Legal Procedure