Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 29 June 2026
Case Overview
This proceeding arises from an application (IA/431(AHM)2026) filed in the main matter CP(IB)/118(AHM)2025. The application was filed by the Small Industries Development Bank Of India (SIDBI) under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the respondent, Aarjav Maheshbhai Patel. The specific application was made under Rule 11 of the National Company Law Tribunal Rules, 2016. The purpose was to submit and have the Tribunal take on record the Second Periodic Report prepared by the Applicant for the period spanning from 03 January 2026 to 02 February 2026.
Final Outcome
The bench, comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan, allowed the application. The Second Periodic Report was taken on record and placed with the main case file for future reference. The order signifies the Tribunal's acceptance of the report's contents as part of the ongoing insolvency resolution process.
Topics: Insolvency Proceeding, NCLT Order, Periodic Reporting