Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: 17 June 2026
Case Overview
This matter involves insolvency proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC) initiated by Harsh Foundry Fluxes & Alloys (Operational Creditor) against Twenty First Century Castings Pvt Ltd (Corporate Debtor). The case is registered as CP(IB) 536 of 2019 with interim application IA 591 of 2020. The bench comprised Hon'ble Member (Judicial) Mrs. Chitra Hankare and Hon'ble Member (Technical) Dr. Velamur G Venkata Chalapathy. Representation included Mr. Vishal Raval for the applicant, Mr. Ravi Pahwa for the respondent, and Resolution Professional Mr. Premraj Ramratan Laddha.
During the proceedings, counsel for the applicant confirmed compliance with previous tribunal orders and filed the required affidavit. Counsel for the respondent submitted that the matter is currently pending before the Supreme Court of India, though no stay has been granted by the higher court in this matter.
Final Outcome
The tribunal directed all parties including Financial Creditors, Successful Resolution Applicant, and Resolution Professional to file written submissions by way of affidavits within one week. The submissions are limited to 2-3 pages. The matter has been adjourned for further consideration on 7 July 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceedings, NCLT Order, Corporate Debt