State Bank Insolvency Proceeding Against Ajitsaria Adjourned

Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)

Order Date: 09/06/2026

Case Overview

The matter involves an application filed by State Bank of India (Applicant) against Mr. Ankitkumar Parmeshwarprasad Ajitsaria (Respondent). The proceeding is registered as C.P.(IB)/442(AHM)2025 and the specific interim application is IA/872(AHM)2026. It is a proceeding initiated under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The bench comprised Mrs. Chitra Hankare (Member-Judicial) and Dr. Velamur G Venkata Chalapathy (Member-Technical). On the date of the hearing, the learned counsel for the applicant, State Bank of India, was absent. No representation was noted for the respondent either.

Final Outcome

The bench ordered the matter to be adjourned. It was listed next for hearing on 10.06.2026.

Topics: Insolvency Proceeding, Banking, NCLT