NCLT Ahmedabad Reserves Order in SIDBI Insolvency Case

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

Order Date: 14 July 2026

Case Overview

The National Company Law Tribunal (NCLT), Ahmedabad Bench, comprising Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical), heard proceedings in an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was filed by the Small Industries Development Bank of India (SIDBI) as the financial creditor (Applicant) against G & L Profile And Equipments Pvt Ltd as the corporate debtor (Respondent). The case was registered as C.P.(IB)/22(AHM)2026. Both parties were represented by their advocates - Mr. Vishal Raval for the Applicant and Mr. K S Sunil Kumar for the Respondent.

Final Outcome

The tribunal heard arguments from both parties and noted that arguments were completed. The bench subsequently reserved its order on the matter. No final decision on the admission or rejection of the insolvency petition was delivered in this order. The matter remains pending until the reserved order is pronounced.

Topics: Insolvency Proceedings, NCLT, Financial Creditor