Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 08/06/2026
Case Overview
The National Company Law Tribunal (NCLT) in Ahmedabad is hearing an application filed by Shanti Road and Construction under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The application seeks the initiation of a Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, Sadbhav Engineering Limited, on account of an alleged default in the payment of an operational debt. The applicant also seeks the appointment of an Interim Resolution Professional and a declaration of moratorium. The applicant's counsel, Mr. Praveen Kr. Aggarwal, was present for the hearing. The bench noted that an advance copy of the application had been duly served upon the corporate debtor as required by the rules.
Final Outcome
The tribunal issued a formal notice to the corporate debtor, Sadbhav Engineering Limited, returnable on the next date of hearing. The registry was directed to serve this notice electronically to the company's registered email ID. The applicant, Shanti Road and Construction, was also instructed to collect the notice and serve it upon the corporate debtor via Registered Post/Speed Post and email. The corporate debtor is required to file its reply to the application within seven days of receiving the notice. The applicant must file an affidavit confirming the service of notice. The case has been adjourned and is next listed for further consideration on 23 June 2026.
Topics: Insolvency, Construction