NCLT Ahmedabad Admits SIDBI Insolvency Periodic Report

Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: 29/06/2026

Case Overview

This order pertains to an application (IA/429(AHM)2026) filed within the main insolvency proceeding (C.P.(IB)/119(AHM)2025). The proceedings are under Section 95 of the Insolvency and Bankruptcy Code (IBC). The applicant is the Small Industries Development Bank Of India (SIDBI) and the respondent is Rakshit Ashwinbhai Patel. The specific application was filed by the Applicant/Resolution Professional under Rule 11 of the National Company Law Tribunal Rules, 2016. It sought to take on record the Second Periodic Report for the period from 03.01.2026 to 02.02.2026.

Final Outcome

The bench, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, allowed the application. The Second Periodic Report was taken on record with all just exceptions and was ordered to be placed with the main file for further reference. This is a procedural step in the ongoing insolvency process.

Topics: Insolvency Proceeding, NCLT Order, Periodic Report