Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 09/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard an interlocutory application (IA/929(AHM)2022) within the main insolvency proceeding CP(IB) 37 of 2017. The case involves PSI Ltd as the applicant versus Edelweiss Assets Reconstruction Co Ltd & Others as respondents. The proceedings are being conducted under Section 10 of the Insolvency and Bankruptcy Code (IBC).
During the hearing, the learned counsel for the applicant/Successful Resolution Applicant (SRA) informed the tribunal that the matter is currently pending consideration before the Hon'ble High Court of Gujarat. Additionally, the learned counsel for the respondent circulated a leave note, indicating their inability to appear.
Final Outcome
The NCLT bench consisting of Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma adjourned the matter. The case has been re-listed for further consideration on 04/08/2026. No substantive decisions were made in this hearing beyond the adjournment.
Topics: Insolvency Proceedings, NCLT Adjournment