Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: June 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC) in case number CP(IB)/177(AHM)2026. The matter involves Ratnaafin Capital Pvt. Ltd. as the applicant versus Mr. Sushil Alkesh Agrawal as the Personal Guarantor to Saarthi Pedalogy Pvt. Ltd. as the respondent. The hearing was conducted in hybrid mode with legal representation from both parties - Mr. Arpit Singhvi, Advocate for the applicant and Mr. Kuldeep K. Adesara, Advocate for the personal guarantor. The bench comprised Hon'ble Member (Judicial) Mr. Shammi Khan and Hon'ble Member (Technical) Mr. Sanjeev Sharma.
Final Outcome
The tribunal adjourned the matter at request and relisted it for further consideration on June 10, 2026. The order represents a procedural adjournment without substantive resolution of the underlying insolvency proceeding against the personal guarantor.
Topics: Insolvency Proceedings, Legal Adjournment