NCLT Dismisses Powertronics Liquidation Progress Report

NCLT Ahmedabad dismisses liquidation progress report application IA(Liq.)Progress Report /117(AHM)2026 due to non-appearance of the applicant liquidator.
The tribunal notes the liquidator's negligence and lack of interest in pursuing the application under Section 9 IBC.
A copy of the order is directed to be sent to the Insolvency and Bankruptcy Board of India (IBBI) for necessary action.