NCLT Adjourns SVM Cera vs Gokul Ceramic Insolvency Case

Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)

Order Date: July 10, 2026

Case Overview

The National Company Law Tribunal (NCLT) Ahmedabad Bench, comprising Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy, heard proceedings in CP(IB) 332 of 2020. This is a case under Section 9 of the Insolvency and Bankruptcy Code (IBC) between SVM Cera Pvt Ltd (Applicant) and Gokul Ceramic Pvt Ltd (Respondent). The matter was listed as Item No. 208-1A/885(AHM)2026. Representatives included Mr. Manish Kumar, Advocate for the Applicant; Ms. Noopur K. Dalal, Advocate for the Respondent; and Mr. Keyur Shah as the Liquidator.

The Tribunal heard arguments from the applicant's counsel and issued a directive for the parties to attempt settlement before the next hearing date.

Final Outcome

The NCLT adjourned the case and listed it for further hearing on July 31, 2026. The court directed the applicant's counsel to try to settle the matter with the respondent before the next date of hearing, failing which arguments would be heard on the adjourned date.

Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt