Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 13/07/2026
Case Overview
This is an order in a petition (C.P.(IB)/221(AHM)2026) filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by M. S. Khurana Engineering Limited (Applicant/Financial Creditor) against Transstadia Holdings Pvt. Ltd (Respondent/Corporate Debtor). The petition seeks the initiation of a Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. During the proceedings, the learned counsel for the applicant submitted that a key piece of evidence, a last email dated 30.05.2026 which evidences an acknowledgment of the debt by the respondent, was referenced in the pleadings (Annexure-H) but was inadvertently not annexed to the original submission.
Final Outcome
The tribunal, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, allowed the applicant's prayer to submit the omitted evidence. The applicant is granted permission to file an additional affidavit to place the said email on record. This must be completed within three days from the order date (i.e., by 16/07/2026). The matter has been adjourned and is scheduled for a preliminary hearing next on 21/07/2026. No other directions were issued, and the petition remains pending.
Topics: Insolvency Petition, Debt Acknowledgment