Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 12/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC) in matter IA/843(AHM)2026 in C.P.(IB)/118(AHM)2025. The application was filed by Small Industries Development Bank Of India (SIDBI) as the applicant against respondent Aarjav Maheshbhai Patel. The hearing was conducted in hybrid mode. No representative appeared for the applicant SIDBI during the proceedings.
Final Outcome
The NCLT bench consisting of Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma ordered the matter to be relisted for hearing/dismissal on 20 July 2026 due to the absence of the applicant's representation.
Topics: Insolvency Proceedings, NCLT Adjournment, Financial Institution Case