Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 10/07/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC) 2016. The case involves SVC Co-Operative Bank Ltd (formerly known as Shamrao Vithal Cooperative Bank Ltd) as the applicant financial creditor filing against Namrata Karansinh PG of M/s Sahar Industries LLP as the respondent. The matter was listed as Company Petition No. C.P.(IB)/195(AHM)2026. The bench comprised Hon'ble Member (Judicial) Mr. Shammi Khan and Hon'ble Member (Technical) Mr. Sanjeev Sharma. Representation was present for both parties: Mr. Sumit Parikh, Advocate for the Applicant/Financial Creditor, and Mr. Arjun Padhiyar, Advocate for the Resolution Professional.
Final Outcome
The tribunal ordered that the main company petition along with the IA (Interim Application) filed by the Resolution Professional under Section 99 of the IB Code 2016 be listed for the next hearing on July 24, 2026. The matter was adjourned for further consideration on that date.
Topics: Insolvency Proceeding, Cooperative Bank, NCLT Hearing