Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 22/06/2026
Case Overview
This proceeding involves an application filed by State Bank of India (Applicant) under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Jayantibhai Pragjibhai Patel (Respondent). The matter is registered as IA/114(AHM)2025 in C.P.(IB)/203(AHM)2022. The bench comprised Hon'ble Member (Judicial) Mr. Shammi Khan and Hon'ble Member (Technical) Mr. Sanjeev Sharma. Representation included Mr. Atul Sharma, Advocate for the Applicant/Resolution Professional and Mr. Saurabh Rachchh, Advocate for the Respondent.
The tribunal noted that the Respondent/Financial Creditor had filed a physical copy of an additional affidavit compliance on 11 May 2026 via Inward Diary No. D-4086, which was taken on record. The counsel for the Applicant/Resolution Professional stated that although liberty had been given for filing a rebuttal additional affidavit, no such affidavit had been filed as it was not required.
Final Outcome
The matter has been adjourned and will be re-listed for further consideration on 03 August 2026. No final determination on the insolvency application has been made in this order.
Topics: Insolvency Proceeding, Banking Debt, NCLT Hearing