Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: July 9, 2026
Case Overview
The matter involves proceedings under Sections 58(3) and 59 of the Companies Act, 2013 between Tirupati Fin-Lease Ltd (Applicant) and State Bank of India & Others (Respondents). The case was listed as Appeal/24(AHM)2021, Item No. 201. The bench consisted of Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical).
During the hearing conducted in hybrid mode, counsel for Respondent No. 1 (State Bank of India) appeared virtually and sought a short adjournment on the ground of illness. This request was not opposed by counsel for the other parties. No substantive hearing on the merits of the case took place, and no allegations, disputes, or legal questions were addressed in this order.
Final Outcome
The tribunal allowed the adjournment request. The matter stands adjourned and is rescheduled for further consideration on July 30, 2026. No penalties, settlements, or substantive directions were issued in this procedural order.
Topics: NCLT Proceedings, Companies Act, Hearing Adjournment