Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: 17/06/2026

Case Overview

The National Company Law Tribunal (NCLT) Ahmedabad heard IA/158(AHM)2022 in CP(IB) 261 of 2018, which is an application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The matter involves Central Bank of India as the applicant financial creditor versus Sunlight Extrusion Pvt Ltd as the respondent corporate debtor. The insolvency petition was originally filed in 2018.

Final Outcome

The tribunal adjourned the hearing due to a medical emergency of the applicant's counsel. A leave note was circulated by the learned counsel for the applicant on June 17, 2026, stating they were unwell. The matter has been relisted for arguments on July 1, 2026.

Representation:

  • For Applicant: Mr. Zalak Bangar (Proxy Advocate for Mr. Kumar Pal Mehta, PCS)
  • For Respondent: Mr. Umang Shah (Advocate for R-1 to R-3), Mr. Meet Kakadia (Advocate for R-4 to R-12)

Bench: Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical)

This content may not be financially relevant as it pertains to a procedural adjournment in an ongoing insolvency proceeding without substantive financial decisions or outcomes.