NCLT Ahmedabad Adjourns OXYZO vs P. Praful Case

Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)

Order Date: 16/06/2026

Case Overview

This is a procedural order in ongoing insolvency proceedings initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The case involves OXYZO Financial Services Pvt Ltd as the Applicant (Financial Creditor) and P. Praful & Company Agency (India) Pvt Ltd as the Respondent (Corporate Debtor). The matter is being heard by a bench comprising Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical). The Applicant's counsel, Mr. Kamil Lokhandwala, appeared and reported compliance with a previous order regarding service of documents to all respondents except Respondent-2 (R-2).

Final Outcome

The Tribunal directed the Applicant to serve the documents upon Respondent-2 (R-2) again and file proof of this service within one week. The matter was adjourned and listed for further consideration on 20th July 2026.

Topics: Insolvency, NCLT Proceedings