Authority: National Company Law Tribunal, Ahmedabad Bench (Count-2)
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad Bench, heard a matter registered as C.P.(IB)/210(AHM)2026 under Section 121 of the Insolvency and Bankruptcy Code, 2016 (IBC). The proceedings involve Central Bank of India Limited as the applicant and Mr. Hasmukhbhai Ambalal Patel as the respondent. The bench comprised Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical). Proxy counsel Mr. Shubham Singh, representing Mr. Sandeep Bhatt, appeared for the applicant bank. The order represents an initial procedural step in the insolvency proceeding.
Final Outcome
The Tribunal directed the applicant's counsel to issue formal notice to all respondents in the case. The counsel was instructed to collect the notices from the Registry and serve them upon all respondents along with a copy of the petition. The matter has been listed for further consideration on July 28, 2026, indicating this is a preliminary stage of the proceedings with no substantive decisions on the merits of the case rendered at this time.
Topics: Insolvency Proceeding, Banking Sector, NCLT Procedure