Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)
Order Date: 10/07/2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad Bench comprising Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical) heard proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). The case involves Sheth Fincap Services Private Limited as the applicant (financial creditor) versus Takshashila Resicom Private Limited as the respondent (corporate debtor). The matter was listed as Item No. 204 in CP(IB)/192(AHM)2026.
During the hearing, the respondent's counsel, Mr. Arjun Sheth, appeared and requested time to file the vakalatnama (on the same day) and additional time to file a formal reply to the application. The applicant was represented by proxy counsel Mr. Vedant Dave, appearing for Mr. Nipun Singhvi. No resolution professional was present at the hearing.
The bench granted the respondent's request for time and directed that the reply be filed within one week from the order date (by approximately July 17, 2026). The respondent was further directed to serve a copy of the reply to the applicant side.
Final Outcome
The tribunal adjourned the matter for further consideration to August 4, 2026. The proceeding remains pending, and no admission or dismissal order has been passed at this stage.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor