Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 17 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad was hearing Company Petition No. C.P.(IB)/201(AHM)2026, filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petition was initiated by Orbit Lifescience Private Limited (Applicant/Operational Creditor) against Krux Pharma Private Limited (Respondent). The matter was listed for hearing on 17 June 2026 before a bench comprising Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical).
During the proceedings, when the matter was called out in the first session, no representative or counsel appeared on behalf of the Applicant/Operational Creditor (Orbit Lifescience Private Limited). Consequently, the matter was passed over. When called again in the second session, again no one appeared for the Applicant.
Final Outcome
The Tribunal did not make any substantive ruling on the insolvency petition due to the non-appearance of the applicant. Instead, it issued procedural directions: (1) The Registry was directed to serve a copy of this order through electronic mode (e-mode) to the Applicant/Operational Creditor/Counsel immediately, and (2) to place proof of such service on the record. The case has been re-listed for the next hearing, or potential dismissal, on 22 June 2026. The petition remains pending adjudication.
Topics: Insolvency, Legal Proceedings