Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: October 9, 2026
Case Overview
This is a proceeding under Section 95 of the Insolvency and Bankruptcy Code, 2016. The case involves the Small Industries Development Bank of India (SIDBI) as the applicant and Shri Dilip Jagdish Patel as the respondent. The matter was heard by a bench comprising Mr. Shammi Khan, Hon'ble Member (Judicial), and Mr. Sanjeev Sharma, Hon'ble Member (Technical). The tribunal noted that neither compliance with its previous order nor any proof of a stay on its order for costs had been placed on record. This refers to previous orders dated September 7, 2026, and September 28, 2026.
Final Outcome
The tribunal directed that a copy of this order be sent to the Insolvency and Bankruptcy Board of India (IBBI) for taking into consideration the conduct of the Resolution Professional (RP). The matter was adjourned and re-listed for further consideration on October 30, 2026.
Topics: Insolvency Proceeding, Regulatory Referral, Non-Compliance