Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 17/06/2026
Case Overview
This order pertains to an Interlocutory Application (IA/760(AHM)/2026) filed within the main insolvency proceeding (C.P.(IB)/119(AHM)/2025). The application was filed by the Resolution Professional in the matter of the Insolvency Resolution Process of Shri Rakshit Ashwinbhai Patel. The Applicant sought two reliefs from the tribunal: firstly, to place on record a Report prepared under Section 106 of the Insolvency and Bankruptcy Code, 2016, and secondly, to condone a delay of 104 days in the submission of that Report.
Final Outcome
The bench, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, heard the Learned Counsel for the Applicant, Ms. Ayushi Gupta, and perused the material on record. The tribunal allowed the application. The delay of 104 days in submitting the Section 106 Report was condoned in the interest of justice. The Report itself was taken on record with all just exceptions. The tribunal directed that the Report be placed with the main case file for future reference. The Interlocutory Application was thus allowed and disposed of.
Topics: Insolvency, Regulatory Compliance, NCLT