Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 10/07/2026
Case Overview
This matter pertains to an Interlocutory Application (IA/878(AHM)2026) filed in the main Company Petition (C.P.(IB)/485(AHM)2025), which is an insolvency proceeding initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC) by financial creditor Team India Manager Limited against corporate debtor Desai Agrifoods Private Limited. The specific application was concerning the cooperation of the respondents in the Corporate Insolvency Resolution Process (CIRP).
Respondent Nos. 1 and 2 (the corporate debtor and an ex-director) had not filed a reply in compliance with a previous order. However, in compliance with the tribunal's order dated 23.06.2026, the Resolution Professional (RP), Mr. Roshan Chordiya, filed an affidavit dated 09.07.2026 (Inward No. D-5531). This affidavit reported that Respondent Nos. 1 and 2 were extending cooperation. The counsel for the respondents submitted that all information and documents sought by the RP for conducting the CIRP had been furnished and that their clients were cooperating and would continue to do so. This statement was confirmed by the RP, both through his counsel, Ms. Anagha Anasingaraju, and in person.
Final Outcome
In view of the statements made by the parties and the affidavit placed on record, the bench, comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma, concluded that no further orders were required in the application. Accordingly, IA/878(AHM)2026 was disposed of.
Topics: Insolvency Proceedings, Legal Compliance