Authority: National Company Law Tribunal, Division Bench, Court-1, Ahmedabad
Order Date: 12/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard three interconnected applications (IA/746(AHM)2026, IA/747(AHM)2026, and IA/755(AHM)2026) within the main insolvency petition CP(IB) 459 of 2019. The proceedings were initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, with the Small Industries Development Bank of India (SIDBI) as the financial creditor (Applicant) and Accent Packaging Pvt Ltd as the corporate debtor (Respondent). The hearing was conducted in hybrid mode. The applicant was represented by a proxy counsel, Ms. Somya Jain, acting for Mr. Arjun Sheth, Advocate. The bench comprised Mr. Shammi Khan, Hon'ble Member (Judicial), and Mr. Sanjeev Sharma, Hon'ble Member (Technical).
Final Outcome
The tribunal adjourned the matter at the formal request of the learned proxy counsel for the applicant. The case has been relisted for further consideration on 07.07.2026. No substantive orders were passed on the merits of the case during this hearing.
Topics: Insolvency & Bankruptcy, Legal Proceedings