Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15/06/2026
Case Overview
This proceeding arises from an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) in the matter of CP(IB) 499 of 2019. The case involves Urja Shakti Salse & Service as the applicant and Maktel Control & Systems Pvt Ltd as the respondent. The State Bank of India (SBI) is also a party to the proceedings. A previous order dated 27th April 2026 had granted the applicant time to file a rebuttal affidavit. The tribunal noted that the applicant failed to comply with this order, as no rebuttal affidavit was filed either electronically on the DMS Portal or in physical form. Furthermore, no advance copy was served upon the respondents, which was confirmed by their counsel.
Final Outcome
The bench, comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan, closed the applicant's right to file a rebuttal affidavit due to non-compliance. The tribunal directed all appearing parties to file their consolidated written submissions, along with relevant citations and a chronology of events, within two weeks. The matter was relisted for final arguments on 11th August 2026.
Topics: NCLT Proceeding, Insolvency Case, Procedural Order