State Bank of India vs Ajitsaria NCLT Adjournment Order

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

Order Date: 10 June 2026

Case Overview

The National Company Law Tribunal (NCLT) Ahmedabad Bench heard an application filed by State Bank of India against Mr. Ankitkumar Parmeshwarprasad Ajitsaria under Section 95 of the Insolvency and Bankruptcy Code (IBC). The proceedings involve a potential initiation of insolvency resolution against the respondent. The matter was listed before a bench comprising Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical). Representation included Mr. Sunil Bhavsar for the applicant (State Bank of India) and Ms. Nitu Chaturvedi with Mr. Aditya Raval for the respondent.

Final Outcome

The Tribunal adjourned the matter to 12 June 2026, noting that a connected matter is scheduled for hearing on the same date. No substantive hearing or decision on the merits of the insolvency application occurred during this proceeding.

Topics: Insolvency Proceedings, Banking Litigation