Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 22/06/2026
Case Overview
This matter involves an interlocutory application (IA/218(AHM)2025) within the main company petition (C.P.(IB)/201(AHM)2022) filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. The proceeding is between State Bank of India (Applicant) and Bhagwanbhai Talsibhai Bhoraniya (Respondent). The matter concerns insolvency proceedings against the individual debtor. During the hearing, the respondent financial creditor placed on record a physical copy of an additional affidavit of compliance that was originally filed on May 11, 2026, with Inward Diary No. D-4079. The tribunal accepted this affidavit into the record. The applicant's counsel, representing the resolution professional, stated that although liberty had been previously granted to file a rebuttal additional affidavit, they had chosen not to do so as it was not required.
Final Outcome
The National Company Law Tribunal, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, adjourned the matter for further consideration to August 3, 2026. No final ruling on the insolvency proceeding was made in this order, which primarily addressed procedural matters regarding affidavit submissions.
Topics: Insolvency Proceeding, Banking Debt, NCLT Hearing