Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad, heard proceedings under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by Reshma Ratnakar Kulkarni, Proprietor of M/s SRS Engineering & Healthcon Projects, as the Operational Creditor (Applicant) against Shree Additives (Pharma & Foods) Pvt. Ltd as the Corporate Debtor (Respondent). Case number C.P.(IB)/165(AHM)2026 was heard by a bench comprising Mr. Shammi Khan, Hon'ble Member (Judicial), and Mr. Sanjeev Sharma, Hon'ble Member (Technical). The Applicant was represented by Advocate Mr. Rahul Totala, and the Respondent was represented by Advocate Mr. Kunal Vaishnav. The Tribunal noted that a service affidavit filed by the Operational Creditor on 24 June 2026 (Inward No. D-5047) evidenced that notice had been duly served upon the Corporate Debtor through electronic mode on 16 June 2026 and by registered post on 17 June 2026. The Tribunal held this service to be sufficient and complete. During the hearing on 29 June 2026, the Corporate Debtor appeared through its learned counsel but had not filed a reply within the time granted by the Tribunal. The counsel for the Corporate Debtor submitted that the reply was being filed on that day and that an advance copy had been served upon the counsel for the Operational Creditor.
Final Outcome
The counsel for the Operational Creditor sought and was granted 10 days' time to file a rejoinder to the Corporate Debtor's reply. The Tribunal adjourned the matter and listed it next for arguments on 13 July 2026. No final decision on the admission of the insolvency petition was made in this order.
Topics: Insolvency Proceedings, NCLT Hearing