Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench (Count-2)
Order Date: 10/06/2026
Case Overview
This order pertains to four interconnected Interlocutory Applications (IAs) filed within a main Company Petition (CP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was initiated by Sundram Fasteners Limited (Operational Creditor/Applicant) against Amul Industries Private Limited (Corporate Debtor/Respondent). The proceedings involve a Successful Resolution Applicant (SRA), whose representative was also present. The matter was heard by a bench comprising Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy.
For application IA/840(AHM)2024, the counsel for the applicant submitted that the SRA needs to be formally substituted in place of the original applicant. They also sought time to facilitate the release of the property from the respondent. The Tribunal did not rule on the merits of the case but issued a procedural direction.
The other three applications (IA/1047(AHM)2024, IA/142(AHM)2025, IA/801(AHM)2025) were simply adjourned without any specific directions noted in this order.
Final Outcome
The Tribunal directed the applicant to take the necessary steps and file a formal application for the substitution of the SRA as per the required legal provisions. All matters, including the main petition, were adjourned and listed for further consideration on 21.07.2026. No substantive ruling on the insolvency petition or penalties was made in this order.
Topics: Insolvency Proceeding, NCLT, Corporate Debt