Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 22/06/2026
Case Overview
This matter involves proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 between Rai Radhe Finance Ltd (Applicant) and Shree Ram Cottex Industries Pvt Ltd (Respondent). The case is identified as IA/414(AHM)2026 in C.P.(IB)/91(AHM)2023. The bench comprised Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical). During the hearing, the Liquidator filed an additional affidavit on 18/06/2026 (vide Inward No. D 4738), which was taken on record. The Liquidator subsequently sought indulgence to file another affidavit as the State Tax Department had provided further information relevant to the liquidation process.
Final Outcome
The Tribunal allowed the Liquidator's request to file an additional affidavit and adjourned the matter for further consideration on 14/07/2026. The order was signed by both members of the bench.
Topics: Insolvency Proceedings, Liquidation Update, NCLT Hearing