NCLT Ahmedabad Reserves Ramos Ceramic Insolvency Order

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

Order Date: 16/06/2026

Case Overview

The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was filed by Mangaldas Finance (a sole proprietorship of Asit Surendrabha Shah) as the financial creditor against corporate debtor Ramos Ceramic Private Limited. The tribunal noted that the applicant's counsel had failed to file a rejoinder in compliance with an earlier order of the tribunal. Consequently, the respondent's right to file a rejoinder was formally closed. After hearing arguments from both parties represented by their legal counsel, the tribunal directed that both parties could submit written submissions, limited to two or three pages, by 10:30 AM the following day.

Final Outcome

The tribunal reserved its order on the insolvency application. The final ruling on the admission or rejection of the Section 7 application will be delivered at a later date.

Topics: Insolvency Proceeding, NCLT Order, Corporate Debtor