Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 16/06/2026
Case Overview
The application (IA/835(AHM)2026) was filed by the Interim Resolution Professional (IRP) in the matter of CP(IB)/101(AHM)2026, which involves insolvency proceedings under Section 9 of the Insolvency and Bankruptcy Code between A.H.A International Co. Ltd (Applicant) and Multisapphire Trading LLP (Respondent). The IRP, Mr. Varun Anil Chopra, filed this application under Rule 11 of the National Company Law Tribunal Rules, 2016 read with Regulation 17 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The purpose was to formally place on record the report certifying the constitution of the Committee of Creditors and the list of creditors for Multisapphire Trading LLP. A compliance affidavit filed pursuant to the Tribunal's previous order dated 02/06/2026 was also considered.
Final Outcome
The NCLT bench comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan allowed the application. The report certifying the constitution of the Committee of Creditors and the list of creditors was taken on record, subject to all just exceptions, and directed to be placed with the main file for further reference. Additionally, the IRP was directed to file a status report regarding the progress of the Corporate Insolvency Resolution Process (CIRP) along with the next report.
Topics: Insolvency Proceedings, Committee of Creditors, NCLT Order