Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15/07/2026
Case Overview
The Interlocutory Application IA/1072(AHM)2026 was filed by the Applicant-Resolution Professional in the matter of Apogee Enterprises Pvt. Ltd. versus Let's Jump Trampoline and Adventure Pvt. Ltd (CP(IB)/41(AHM)2026), which is a proceeding under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was filed under Sections 66(1) and 66(2) read with Section 60(5) of the IBC. The Resolution Professional seeks declarations of fraudulent and wrongful trading against Respondents No. 1 to 4, directions for contribution to the assets of the Corporate Debtor, avoidance of certain transactions, restoration of assets and business of the Corporate Debtor, interim protection, and other consequential reliefs.
The bench comprising Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical) heard the Applicant represented by Mr. Kuldeep Adesara, Advocate along with Mr. Atul Mittal, the Resolution Professional in person.
Final Outcome
The Tribunal issued notice to the Respondents returnable on the next date of hearing. The Applicant is directed to collect notices from the Registry and effect service upon the Respondents by Registered Post A.D. Speed Post, Dasti, and through their registered e-mail IDs, along with a complete set of the application and this order. The Respondents are directed to file their reply within two weeks from the date of receipt of notice. Any rejoinder must be filed within two weeks thereafter. The Applicant must file an Affidavit of Service before the next date of hearing. The matter is listed for further consideration on 24.08.2026.
Topics: Insolvency Proceedings, Fraudulent Trading, NCLT Order