Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 29 June 2026
Case Overview
This matter involves an application (IA(Liq.)Progress Report /213(AHM)2026) filed in connection with CP(IB) 409 of 2020, which is a proceeding under Section 9 of the Insolvency and Bankruptcy Code (IBC) between Skystep Trading Ltd (Applicant) and Tradohub B2B Ltd (Respondent). The application was filed by the Liquidator, Mr. Sachin Naveen Sinha, under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 15 of the IBBI (Liquidation Process) Regulations, 2016. The primary purpose was to request the tribunal to take on record the 9th Quarterly Progress Report for the liquidation process covering the period from 1 January 2025 to 31 March 2025. Additionally, the application sought condonation of a significant delay of 372 days in filing this progress report, with the filing ultimately completed on 23 April 2026. The liquidator appeared in person before the bench comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical) and submitted a hard copy of the report.
Final Outcome
The NCLT bench allowed the application. The delay of 372 days in filing the progress report was condoned. The 9th Quarterly Progress Report for the period 1 January 2025 to 31 March 2025 was taken on record by the tribunal. The report was directed to be placed with the main case file for future reference. The application IA(Liq.)Progress Report /213(AHM)2026 was accordingly allowed and disposed of.
Topics: Insolvency Proceedings, NCLT Order, Liquidation Process