Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 16/06/2026
Case Overview
This matter involves an interlocutory application (IA/1549(AHM)2025) filed within the main insolvency petition CP(IB) 208 of 2017 under Section 9 of the Insolvency and Bankruptcy Code (IBC). The application is between Ramesh T Mehta (HUF) as the applicant and Winsome Diamond & Jewellery Ltd as the respondent. The proceedings were conducted in hybrid mode with legal representation from both sides: Mr. Yahya Batatawala for the applicant and Ms. Geeta Toraskar for the respondent. The bench comprised Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical).
The core reason for the current hearing was that a related matter involving the same parties is pending before the Bombay High Court. The liquidator has filed an application for intervention in the High Court matter, but that application has not yet been listed for hearing, and no actual hearing date has been fixed in the High Court. Both parties' counsel jointly requested an adjournment of the NCLT proceedings given the pending status of the High Court matter.
Final Outcome
The NCLT bench granted the adjournment and rescheduled the matter for further consideration on 02 September 2026. The order simply acknowledges the pending High Court matter and defers proceedings without making any substantive determinations on the merits of the case.
Topics: Insolvency Proceedings, Court Adjournment