Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 10 June 2026
Case Overview
The Small Industries Development Bank of India (SIDBI) has filed an insolvency petition under Section 121(1) of the Insolvency and Bankruptcy Code (IBC) against corporate debtor M/s Alps Leisure Holidays Pvt. Ltd. The matter was listed before the bench comprising Hon'ble Member (Judicial) Mr. Shammi Khan and Hon'ble Member (Technical) Mr. Sanjeev Sharma. During the proceedings, it was submitted that an Interlocutory Application (IA) for condonation of delay is currently under scrutiny by the Registry and has not yet been listed for hearing.
Final Outcome
At the request of the learned proxy counsel for the Applicant (SIDBI), represented by Ms. Aditi Sharma (proxy for Mr. Atul Sharma), the tribunal adjourned the matter. The case has been relisted for a preliminary hearing on 1 July 2026, pending the listing of the delay condonation application.
Topics: Insolvency Proceeding, Adjournment, NCLT