Reliance ARC NCLT Adjournment Request Granted

Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad

Order Date: 06/07/2026

Case Overview

This order pertains to an Interlocutory Application (IA/1349(AHM)2025) filed within the main Company Petition (C.P.(IB)/277(AHM)2025). The proceedings are under Section 123 of the Insolvency and Bankruptcy Code, 2016 (IBC). The applicant is Reliance Asset Reconstruction Company Limited, and the respondent is Prakash Seventilal Morakhia. A previous order dated 03.06.2026 had recorded that a meeting was to be held. In the present hearing, the proxy counsel for the applicant sought an adjournment to file the status of that meeting.

Final Outcome

The bench, comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma, allowed the applicant's request. The application is re-listed for further consideration on 15th July 2026.

Topics: Insolvency Proceeding, NCLT, Adjournment