Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15/06/2026
Case Overview
This order pertains to two Interlocutory Applications (IA/579(AHM)2021 and IA/635(AHM)2021) arising from the main insolvency petition CP(IB) 72 of 2018. The proceeding is a Section 9 application under the Insolvency and Bankruptcy Code (IBC) filed by operational creditor Ramniklal S Gosalia & Co against corporate debtor Sterling Lam Ltd. The bench, comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma, was hearing the matter in hybrid mode. Despite a last opportunity given to the Respondent (Sterling Lam Ltd), no written submissions had been filed. The Learned Counsel for Respondent No.1 stated that submissions were prepared only the previous night but could not be filed and requested one day for filing.
Final Outcome
The bench granted the request and adjourned the matter. The case is re-listed for arguments on 11 August 2026. No other substantive orders or observations were made in this proceeding.
Topics: Insolvency, Legal Proceedings