Authority: National Company Law Tribunal, Ahmedabad Single Bench (Court-2)
Order Date: October 9, 2026
Case Overview
This matter involves insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC) filed by Pani Logistics against Ganga Advisory Pvt Ltd. The case is registered as CP(IB) 238 of 2018. The specific application being heard is IA/1071(AHM)2023. During the hearing, the applicant's counsel, Mr. Kamil Lokhandwala, appeared and submitted that all required documents had been filed through an additional affidavit in compliance with the tribunal's previous order. No representative appeared for the respondent (Ganga Advisory Pvt Ltd).
The tribunal noted that the matter required adjournment specifically because the tribunal was functioning as a Single Bench on that date, indicating that the composition of the bench may not have been adequate to proceed with the matter.
Final Outcome
The NCLT adjourned the proceedings and listed the matter for further consideration on October 19, 2026. No substantive decisions on the insolvency petition were made in this order, which primarily addresses procedural adjournment.
Topics: Insolvency Proceedings, NCLT Adjournment, Corporate Debt