Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench - Court 2
Order Date: 15/07/2026
Case Overview
This order pertains to an interlocutory application (IA/1086(AHM)2026) filed within the main insolvency petition (C.P. (IB)/250(AHM)2024). The petition was initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by financial creditor Drip Capital Inc. against the corporate debtor, Sumarrow Impex LLP. The matter was heard by a bench comprising Judicial Member Mrs. Chitra Hankare and Technical Member Dr. Velamur G Venkata Chalapathy. The applicant was represented by Advocate Mr. Monaal Davawala, who informed the tribunal that the Resolution Professional (RP) was busy and could not be present. The counsel submitted that a resolution plan for Sumarrow Impex LLP was currently put up for e-voting to the Committee of Creditors (CoC) and that the process would be completed shortly, after which an appropriate application would be filed.
Final Outcome
The tribunal disposed of the application (IA/1086(AHM)2026) and granted an extension of the Corporate Insolvency Resolution Process (CIRP) for a period of 60 days, effective from 07.07.2026. This extension provides additional time for the completion of the e-voting process on the resolution plan and the subsequent filing of the necessary application with the tribunal.
Topics: Insolvency, NCLT Proceeding