Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)
Order Date: July 6, 2026
Case Overview
The matter involves an application filed by Sammaan Finserve Limited (formerly known as Indiabulls Commercial Credit Limited) under Sections 230-232 of the Companies Act, 2013, pertaining to a scheme of arrangement or compromise. The respondent is Saniav J. Shah in his capacity as the Liquidator of Jivanjyot Motors Private Limited. The case is registered as CA(CAA)/8(AHM)2026 with CP(IB)/114(AHM)2021 and was heard by a bench comprising Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy.
Final Outcome
The Tribunal adjourned the hearing and directed the respondent's counsel to file a reply in the matter within one week. The case has been listed for further consideration on July 20, 2026. This is a procedural order that advances the case to the next stage of hearing.
Topics: NCLT Proceedings, Corporate Scheme, Insolvency Matter