Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 10/06/2026
Case Overview
The National Company Law Tribunal (NCLT), Ahmedabad Bench comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical), heard two Interlocutory Applications: IA/791(AHM)2026 and IA/792(AHM)2026. These applications were filed in the main Company Petition C.P.(IB)/118(AHM)2025, which is a proceeding initiated under Section 95 of the Insolvency and Bankruptcy Code, 2016. The matter involves Small Industries Development Bank Of India (SIDBI) as the Applicant and Aarjav Maheshbhai Patel as the Respondent.
During the hearing, learned proxy counsel Ms. Shalini Rai appeared for the Applicant (SIDBI) and requested an adjournment due to the non-availability of the advocate on record.
Final Outcome
The Bench granted the adjournment and directed the matter to be relisted for further consideration on 15 July 2026.
Topics: Insolvency Proceeding, NCLT Adjournment