Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad is hearing a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by Bharati Trading Enterprises Pvt. Ltd (Operational Creditor) against Tecso Project Limited (Corporate Debtor). The case is registered as C.P.(IB)/155(AHM)2026. The respondent's reply was filed on 03 July 2026 (Inward No. D 5416) and taken on record. The applicant filed an affidavit in rejoinder on 08 July 2026.
The Tribunal, comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma, has issued specific directions to both parties. Both the Operational Creditor and Corporate Debtor are required to file affidavits declaring that since the inception of their companies, whatever changes took place in their directorship, they are not related parties, and that the present management was never part of the other side's management.
Additionally, both parties are directed to place on record their balance sheets for the last three financial years within a period of ten days from the order date.
Final Outcome
The matter has been adjourned and is scheduled for further consideration on 27 July 2026, pending compliance with the Tribunal's directions regarding the submission of affidavits and financial documents.
Topics: Insolvency Proceedings, Corporate Debt, Related Party Declaration