Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad

Order Date: 08/06/2026

Case Overview

This order pertains to proceedings under Section 9 of the Insolvency and Bankruptcy Code, 2016, in the matter of Conart Engineers Limited (Applicant/Operational Creditor) versus Senores Pharmaceuticals Limited (Respondent/Corporate Debtor). The tribunal, comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical), heard three connected items: the main company petition C.P.(IB)/107(AHM)2026 and two Interim Applications (IAs).

  • IA/733(AHM)2026: This application was filed by Conart Engineers under Rule 11 of the NCLT Rules, 2016. It sought the recall and modification of a previous order dated 28.04.2026. The applicant requested an exemption from paying a cost of Rs. 50,000 and an extension of time for filing a rejoinder. The applicant's counsel argued that the delay occurred because the authorized signatory was travelling abroad. The tribunal dismissed this application, finding the explanation insufficient. It noted that the company could have authorized another representative to file the rejoinder within the stipulated period. The tribunal upheld the cost and directed Conart Engineers to deposit Rs. 50,000 with the Prime Minister's National Relief Fund within three days and to place proof of deposit on record.
  • IA/734(AHM)2026: This application was filed by the Respondent, Senores Pharmaceuticals, under Sections 65 and 76 of the IB Code, 2016, read with Rules 11 and 34 of the NCLT Rules. It seeks the dismissal of the main company petition (C.P.(IB)/107(AHM)2026) and requests the imposition of the highest penalty/fine on Conart Engineers. The counsel for Conart Engineers waived notice. The tribunal granted Senores Pharmaceuticals ten days to file a reply and listed the matter for arguments.
  • C.P.(IB)/107(AHM)2026: The main insolvency petition was relisted for arguments on 23.06.2026 alongside IA/734(AHM)2026.

Final Outcome

The application (IA/733) for recall of the cost order was dismissed. Conart Engineers is obligated to pay the Rs. 50,000 cost. The application (IA/734) seeking dismissal of the entire insolvency petition remains pending, with arguments scheduled for 23/06/2026. The main company petition also stands listed for arguments on the same date.

Topics: Insolvency Petition, Legal Costs