Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 22/06/2026
Case Overview
This is an order in an interlocutory application (IA/1774(AHM)2024) within a main insolvency proceeding (C.P.(IB)/204(AHM)2022). The proceedings are under Section 95 of the Insolvency and Bankruptcy Code, 2016. The applicant is State Bank of India (SBI), and the respondent is an individual, Babulal Khimiibhai Patel. The matter pertains to an application for initiation of the insolvency resolution process against the respondent.
Final Outcome
The tribunal recorded that a physical copy of an additional affidavit of compliance, filed by the respondent/financial creditor (FC) on May 11, 2026 (vide Inward Diary No. D-4084), was placed on record and taken on record. The counsel for the applicant/resolution professional (RP) stated that although liberty had been given to file a rebuttal additional affidavit, it was not required and thus not filed. The bench, comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan, adjourned the matter. It is now listed for further consideration on August 3, 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Banking