Authority: National Company Law Tribunal, Division Bench, Court-1, Ahmedabad
Order Date: 10/06/2026
Case Overview
The matter involves an insolvency petition filed by the Small Industries Development Bank of India (SIDBI) (Applicant/Financial Creditor) against Alps Leisure Holidays Pvt. Ltd. (Corporate Debtor). The proceedings are under Section 121(1) of the Insolvency and Bankruptcy Code (IBC). The case was listed for hearing on 10th June 2026. During the hearing, it was submitted that an Interlocutory Application (IA) for condonation of delay is currently under scrutiny by the Tribunal's registry and has not yet been listed for hearing. Consequently, a request was made to adjourn the main matter until the IA is listed.
Final Outcome
The bench, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, accepted the request for an adjournment made by the proxy counsel for the applicant, Ms. Aditi Sharma. The matter has been adjourned and is now relisted for a preliminary hearing on 1st July 2026.
Topics: Insolvency Proceeding, Adjournment, Delay Condonation