Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 12/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard an application (IA/881(AHM)2026) filed by Canara Bank against Mr. Jugal Kishor Jhawar. The proceedings were conducted under Section 121 of the Insolvency and Bankruptcy Code (IBC). The application was filed by Canara Bank under Regulation 8 of the Insolvency and Bankruptcy Board of India (Bankruptcy Process) Regulations, 2019 read with Rule 11 of the National Company Law Tribunal Rules, 2016. The purpose of the application was to request the tribunal to take on record a Preliminary Report related to the bankruptcy process.
The bench comprising Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical) heard representations from Mr. Arjun Padhiyar, Advocate for the applicant Canara Bank. The respondent, Mr. Jugal Kishor Jhawar, was represented but no specific advocate is mentioned for the respondent in the provided text.
Final Outcome
The NCLT allowed the application and took the Preliminary Report on record "with all just exceptions." The tribunal directed that the report be placed with the main file (C.P.(IB)/470(AHM)2025) for further reference. With this direction, the interlocutory application (IA/881(AHM)2026) stood disposed of. The order was signed by both members of the bench.
Topics: Insolvency Proceedings, Banking Regulation