Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 29 June 2026
Case Overview
This proceeding involves an application (IA/963(AHM)2026) filed in the matter of CP(IB)/53(AHM)2025, State Bank of India vs. Navin Kumar Tayal. The application was filed by the Bankruptcy Trustee under Regulation 12(2) of the IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, read with Sections 149 and 150 of the Insolvency and Bankruptcy Code, 2016. The Trustee seeks specific reliefs from the Adjudicating Authority against the Respondent, Apsara Co-operative Housing Society Ltd.
The principal relief sought is a direction to the Respondent Society to furnish to the Bankruptcy Trustee the information and documents relating to Flat No. 131/A, located on the 13th Floor of NCPA Apartments. The exact details of the required documents are specified within the application itself.
Final Outcome
The Tribunal noted that the learned counsel for the Respondent, having received advance notice, waived formal service of notice. Upon the counsel's request, the Bench granted two weeks' time to file a reply to the application. The matter has been listed for further consideration on 17 July 2026, pending the filing of the Respondent's reply.
Topics: Insolvency Proceedings, Document Disclosure, Court Order