Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 17/06/2026
Case Overview
The matter involves an insolvency petition (C.P.(IB)/159(AHM)2026) filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by Ricova International INC (Applicant) against Shree Narayan Kraft Paper Mill LLP (Respondent/Corporate Debtor). The tribunal reviewed the service affidavit dated 16.06.2026 (Diary No. D-4901) which revealed that the notice sent by Registered Post to the Corporate Debtor was returned with the endorsement "refused," though the identity of the person who refused acceptance was not disclosed. The proof of service via email was also found to be unclear, and no steps had been taken for service through Dasti mode.
Final Outcome
The bench comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical) ordered the issuance of fresh notice to the Respondent/Corporate Debtor through the Registry. The Applicant is required to collect the notice and serve it along with a copy of the order to the Respondent via Dasti mode and registered email ID within seven days. The Respondent may file its reply within seven days of receiving the notice, and any rejoinder must be filed before the next hearing date on 30.06.2026. The Applicant must file proof of service by affidavit before the next hearing.
Topics: Insolvency Proceeding, Legal Notice Service