Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench (Court-2)
Order Date: 15 July 2026
Case Overview
This order pertains to two Interlocutory Applications (IA/1075(AHM)2026 and IA/1085(AHM)2026) filed within the main Company Petition C.P.(IB)/316(AHM)2025. The proceedings are under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The applicant is Empire Sony PTY Limited, and the respondent is Astron Paper & Board Mill Limited. The matter was heard by a bench comprising Judicial Member Mrs. Chitra Hankare and Technical Member Dr. Velamur G Venkata Chalapathy. Mr. Kuldeep K Adesra, Advocate, represented the applicant.
For application IA/1075(AHM)2026, the tribunal heard the applicant's counsel and directed them to issue formal notice to all respondents. The counsel is to collect the notices from the registry and serve them, along with a copy of the petition, upon all respondents. The matter was listed for its next hearing on 7 August 2026.
For application IA/1085(AHM)2026, the applicant's counsel submitted that it was filed to take on record the First Status Report. The tribunal accepted this report on record and disposed of the application.
Final Outcome
The tribunal's order directs the issuance of formal notice to the corporate debtor, Astron Paper & Board Mill Limited, and admits the First Status Report filed by the operational creditor, Empire Sony PTY Limited. The main insolvency petition is scheduled for further consideration on 7 August 2026.
Topics: Insolvency, Legal Proceedings