Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench (Court-2)
Order Date: July 15, 2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad Bench, was hearing matters related to an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was filed by State Bank of India (Applicant) against Neesa Agritech and Foods Limited (Respondent). The specific case numbers are CP(IB)/188(AHM)2022, with two interlocutory applications numbered IA/1392(AHM)2023 and IA/296(AHM)2024 also being heard. The bench comprised Mrs. Chitra Hankare (Hon'ble Member-Judicial) and Dr. Velamur G Venkata Chalapathy (Hon'ble Member-Technical). Proxy counsel for the applicant, Ms. Apoorva Pande (advocating for Ms. Milly Ghosal), appeared and sought an adjournment on the hearing date.
Final Outcome
The bench granted the adjournment and listed the matter for further consideration on August 31, 2026. No substantive hearing on the merits of the insolvency petition took place on this date.
Topics: Insolvency Proceeding, Banking Dispute