Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 29 June 2026
Case Overview
This matter involves an application (IA/430(AHM)2026) filed by the Small Industries Development Bank Of India (SIDBI) in the main insolvency proceeding C.P.(IB)/117(AHM)2025. The application was filed under Rule 11 of the National Company Law Tribunal Rules, 2016, specifically seeking to take on record the Second Periodic Report for the period from 03 January 2026 to 02 February 2026. The proceedings are being conducted under Section 95 of the Insolvency and Bankruptcy Code (IBC) against the respondent, Komal Rakshit Patel. The matter was heard in hybrid mode with representation for the applicant/resolution professional by Advocate Ms. Ayushi Gupta.
Final Outcome
The NCLT bench comprising Member (Technical) Mr. Sanjeev Sharma and Member (Judicial) Mr. Shammi Khan allowed the application. The tribunal ordered that the Second Periodic Report be taken on record with all just exceptions and placed with the main file for further reference. The application IA/430(AHM)2026 was accordingly allowed.
Topics: Insolvency Proceedings, NCLT Order, Financial Institution