Authority: National Company Law Tribunal, Ahmedabad Bench (Court-2)
Order Date: July 10, 2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad Bench heard two connected matters: C.P.(IB)/442(AHM)2025 and IA/872(AHM)2026. The main petition C.P.(IB)/442(AHM)2025 is an application filed by State Bank of India under Section 95 of the Insolvency and Bankruptcy Code (IBC) against Mr. Ankitkumar Parmeshwarprasad Ajitsaria, the respondent. The connected IA/872(AHM)2026 was filed by the applicant raising objections to the Resolution Professional's report.
During the proceedings, the counsel for the Resolution Professional appeared and submitted that the report had already been filed in the main petition. The RP suggested the admission of the insolvency application. The counsel for the applicant completed arguments on both the petition and the RP report. The tribunal directed the applicant's counsel to file written submissions by way of an affidavit, limited to two to three pages, by Monday morning at 10:30 AM on June 13, 2026.
Final Outcome
Both matters - the main insolvency petition (C.P.(IB)/442(AHM)2025) and the interim application objecting to the RP report (IA/872(AHM)2026) - were adjourned for further consideration to July 15, 2026. The bench comprised Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical).
Topics: Insolvency Proceedings, Legal Adjournment