NCLT Ahmedabad Reserves Order in Jindal vs Kunal Structure

Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)

Order Date: 17/06/2026

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 proceedings in CP(IB)/14(AHM)2023. This is an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Jindal (India) Limited as the operational creditor against Kunal Structure (India) Private Limited as the corporate debtor.

After hearing arguments from both sides - represented by Mr. Shyam Kumar for the applicant and Senior Advocate Mr. Dhaval Vyas along with Mr. Vishwash K. Shah for the respondent - the tribunal reserved its order. The bench directed both parties to file written submissions based on the day's arguments, limited to 2-3 pages, to be submitted before 10:30 AM on 18/06/2026.

Final Outcome

The order has been reserved by the NCLT Ahmedabad bench. The final decision on the admission or rejection of the Section 9 insolvency application will be delivered at a later date after consideration of the written submissions from both parties.