Authority: National Company Law Tribunal, Ahmedabad Court-2
Order Date: 10/07/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad Bench, comprising Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy, heard an application numbered IA/1043(AHM)2026 in the main matter CP(IB)/228(AHM)2025. The proceedings were conducted under Section 121 of the Insolvency and Bankruptcy Code, 2016. The application was filed by Alchemist Asset Reconstruction Co. Limited (Applicant) against Mr. Paresh Parekh (Respondent). The applicant's counsel, represented by proxy advocate Mr. Zalak Bangar for Mr. Nipun Singhvi, sought to place 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 admitted the Committee of Creditors report into the official record with all exceptions. Consequently, the application IA/1043(AHM)2026 was disposed of. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, Committee of Creditors, NCLT Order