Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: 08/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad bench, comprising Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy, heard four interim applications (IAs) in the ongoing insolvency proceedings CP(IB) 266 of 2019. The matter involves Vighnaharta Corrugators Pvt Ltd & Others as applicants versus Jaybharat Textiles & Real Estate Ltd as respondent. The proceedings are under Section 7 of the Insolvency and Bankruptcy Code (IBC).
Final Outcome
The tribunal adjourned all four applications to June 16, 2026, for further consideration:
- IA/165(AHM)2021: Listed for further consideration on 16.06.2026
- IA/296(AHM)2020: Arguments were completed from all parties who appeared. The tribunal granted a final opportunity for all parties who haven't filed written submissions to do so within 7 days (not more than 2-3 pages). The tribunal proceeded ex-parte against Respondent Nos. 12 to 18 as they were served through email but remained absent on multiple occasions including this hearing.
- IA/321(AHM)/2021: The tribunal noted that the learned counsel for the applicant has not complied with the earlier order after consulting his client as directed. Listed for further consideration on 16.06.2026.
- IA/1427(AHM)2025: The applicant's counsel was directed to file a written statement by way of an affidavit on the maintainability of this petition. The respondent's counsel was absent. Listed for further consideration on 16.06.2026.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Litigation