NCLT Adjourns Yogiraj Spinning Insolvency Proceedings

Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: 22 June 2026

Case Overview

The National Company Law Tribunal (NCLT) Ahmedabad is hearing proceedings under Section 121 IB of the Insolvency and Bankruptcy Code, 2016. The case involves State Bank of India as the applicant versus Shri Harjibhai Popatbhai Ghanva PG CD and M/s Yogiraj Spinning Limited as respondents (Respondent Nos. 1 to 5). The bench comprises Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical).

During the hearing, the respondents once again did not file any written submissions. The learned proxy counsel for the respondents, Mr. Jay Parihar (appearing for Mr. Arjun Sheth, Advocate for R-1 to R-5), explicitly stated that the respondents do not wish to file any written submissions in the matter.

Final Outcome

The tribunal has adjourned the case and relisted it for further consideration on 8 July 2026. No substantive decision on the insolvency application was made in this order.

Topics: Insolvency Proceeding, NCLT Adjournment