Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 10/07/2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad, heard a company petition filed by SVC Co-Operative Bank Ltd (formerly known as Shamrao Vithal Cooperative Bank Ltd) against Shreyaba Sohilsinh Zala of M/s Sahar Industries LLP. The proceedings are under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter involves an Interlocutory Application (IA) filed by the Resolution Professional (RP) under Section 99 of the IBC. The hearing was conducted in hybrid mode.
Final Outcome
The bench, comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma, adjourned the hearing. The main company petition and the IA filed by the RP are listed for the next hearing on 24th July 2026. No substantive orders were passed in this session.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Hearing