Sarvodaya Sahakari Bank NCLT Proceedings Reserved

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

Order Date: 09/06/2026

Case Overview

The matter involves proceedings under Section 95 of the Insolvency and Bankruptcy Code, 2016. The application was filed by The Sarvodaya Sahakari Bank Limited through its Resolution Professional against respondent Kailash Shah and Rashmiben Dineshbhai Lathidadia. This hearing was conducted afresh in view of a remand order dated 24.04.2026 passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT)(Ins.) No. 2147 of 2024 and Company Appeal (AT)(Ins.) No. 621 of 2025. The bench heard arguments from learned counsel for both parties and perused the record.

Final Outcome

The Tribunal has directed all parties to file fresh written submissions within a period of one week. Following this directive, the final orders in the matter have been reserved.

Topics: Insolvency Proceeding, Cooperative Bank, NCLT