Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6b of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The operational creditor, Reshma Ratnakar Kulkarni, Proprietor of M/s SRS Engineering & Healthcon Projects, filed the petition against corporate debtor Shree Additives (Pharma & Foods) Pvt. Ltd. seeking initiation of Corporate Insolvency Resolution Process, appointment of an Interim Resolution Professional, and declaration of moratorium due to default in payment of operational debt.
The tribunal noted that an affidavit of proof of service of the statutory demand notice and advance paper book had been filed on June 10, 2026 (vide inward diary No. D-4518), which was taken on record. The applicant had duly served an advance copy of the application upon the corporate debtor in compliance with Rule 6 of the IB (AAA) Rules, 2016.
Final Outcome
The NCLT bench comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma issued formal notice to the respondent/corporate debtor, Shree Additives (Pharma & Foods) Pvt. Ltd. The registry was directed to serve notice immediately through email on the registered email ID and place proof of service on record. The applicant was also directed to collect notice and serve it upon the corporate debtor through Registered Post/Speed-Post/Dasti as well as via email on its MCA-registered email ID. The corporate debtor was given seven days from the date of receipt of notice to file its reply. Any rejoinder must be filed before the next hearing date. The matter has been listed for further consideration on June 29, 2026.
Topics: Insolvency Proceeding, Operational Debt, NCLT