IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH, COURT - 1, AHMEDABAD
Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 22/06/2026
Case Number: IA/221(AHM)2025 in C.P.(IB)/119(AHM)2022
Case Overview
This matter involves proceedings under Section 9 of the Insolvency and Bankruptcy Code, 2016 between Krishna Colour Chem (through its Partner Bhaveshkumar K Maniar) as the applicant and SpelGranito Pvt Ltd as the respondent. The case represents an operational creditor application for initiation of corporate insolvency resolution process.
The Tribunal noted that fresh bailable warrants had been issued for the respondents (R-1 & R-2). The learned liquidator reported that steps for execution of these warrants were taken through the Chief Judicial Magistrate on June 18, 2026, and the execution report is still awaited.
Final Outcome
The Tribunal directed the Liquidator to file an affidavit detailing the status of the Corporate Debtor and all steps taken by the Resolution Professional and Liquidator since the inception of the CIRP order through the liquidation process until the present date. The matter has been adjourned and re-listed for further consideration on July 28, 2026.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Liquidation