Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: 16/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad Bench heard proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC) between Prem Associates (Applicant) and Drishan Industries Private Limited (Respondent). Both parties were represented by legal counsel - Mr. Dheeraj Garg for the applicant and Mr. Ajit S. Nair for the respondent. The matter was heard by a bench comprising Hon'ble Member (Judicial) Mrs. Chitra Hankare and Hon'ble Member (Technical) Dr. Velamur G Venkata Chalapathy.
Final Outcome
The Tribunal has reserved its order in the matter after noting that both parties have filed their written submissions. No final ruling has been delivered at this stage.
Topics: Corporate Insolvency, NCLT Proceedings, IBC Section 9