Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15/07/2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad, heard three Interlocutory Applications (IAs) in the main matter CP(IB)/118(AHM)2025. The proceedings are under Section 95 of the Insolvency and Bankruptcy Code (IBC), initiated by the Small Industries Development Bank of India (SIDBI) against Mr. Aarjav Maheshbhai Patel, an individual debtor. The bench comprised Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical). The Applicant/Resolution Professional was represented by Advocate Ms. Ayushi Gupta.
For IA/1077(AHM)2026, the tribunal noted that the physical copy of the main petition was not available on record. The Learned Counsel for the Applicant/Resolution Professional was directed to ensure its availability before the next date of hearing. This matter was adjourned and re-listed for further consideration on 24 August 2026.
For IA/791(AHM)2026, the Application was filed by the Resolution Professional to place on record the Third Periodic Report for the period from 03 February 2026 to 02 March 2026 concerning the Insolvency Resolution Process of Mr. Aarjav Maheshbhai Patel. The tribunal admitted the report onto the record.
For IA/792(AHM)2026, the Application was filed by the Resolution Professional to place on record the Fifth Periodic Report for the period from 03 April 2026 to 02 May 2026. This report was also admitted onto the record by the tribunal.
Final Outcome
The Third and Fifth Periodic Reports filed by the Resolution Professional were officially taken on record. IA/791(AHM)2026 and IA/792(AHM)2026 were disposed of accordingly. The main insolvency proceeding (CP(IB)/118(AHM)2025) will continue, with the next hearing for IA/1077(AHM)2026 scheduled for 24 August 2026.
Topics: Insolvency Proceedings, NCLT, Periodic Reporting