Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad Bench, comprising Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy, heard an application (IA/920(AHM)2026) within the main insolvency petition CP(IB) 568 of 2019. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the Small Industries Development Bank of India (SIDBI) as the financial creditor against Champion Agro Ltd as the corporate debtor.
The matter was represented by Mr. Yashraj Champawat, Advocate for the applicant. The tribunal heard the learned counsel for the applicant and issued procedural directions for the progression of the case.
Final Outcome
The NCLT directed the applicant's counsel to issue formal notice to all respondents in the case, accompanied by a copy of the petition. The matter was adjourned and listed for its next hearing and further consideration on July 17, 2026. This is an interim procedural order in an ongoing corporate insolvency resolution process.
Topics: Insolvency Proceeding, NCLT Order, Financial Creditor