Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 09/06/2026
Case Overview
This proceeding, registered as C.P.(IB)/231(AHM)2024, involves an insolvency application filed by The Sarvodaya Sahakari Bank Limited against the respondent, Dineshbhai Premjibhai Lathidadia, under Section 95 of the Insolvency and Bankruptcy Code, 2016. The matter is being heard alongside two interlocutory applications, IA/883(AHM)2026 and IA/1270(AHM)2024. The current hearing was conducted following a remand order dated 24.04.2026 issued 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 Hon'ble Bench, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, heard arguments from the learned counsel for both parties afresh and reviewed the record.
Final Outcome
The Tribunal has directed all parties to file fresh written submissions within a period of one week from the order date. Following this, the Bench has reserved its orders. A final judgment is pending and will be delivered at a later date.
Topics: Insolvency Proceeding, NCLAT Remand, Cooperative Bank