Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)
Order Date: July 10, 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad Bench, comprising Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical), heard an application filed under Section 121 of the Insolvency and Bankruptcy Code, 2016. The matter involved Alchemist Asset Reconstruction Co. Limited as the applicant versus Manish Patel as the respondent. The specific application IA/1044(AHM)2026 was filed by the applicant's counsel to take on record the report concerning the establishment of the Committee of Creditors (CoC) in the ongoing bankruptcy process.
Final Outcome
The tribunal allowed the application and took the Committee of Creditors establishment report on record "with all exceptions." Consequently, the interlocutory application IA/1044(AHM)2026 was disposed of. The order represents a procedural step in the insolvency process, formalizing the documentation related to the formation of the creditors' committee.
Topics: Insolvency Proceeding, Committee of Creditors, NCLT Order