NCLT Ahmedabad Orders SBM Bank OTS Response

NCLT Ahmedabad hears SBM Bank's application under Section 95 IBC against individual respondent Karsanbhai Patel.
Tribunal directs SBM Bank to respond within 7 days to respondent's OTS settlement proposal for debt repayment.
Tribunal notes SBM Bank's proposal to assign the debt and orders resolution on application maintainability.
Case listed for next hearing on 03 June 2026 for further consideration based on bank's response.