State Bank of India vs Jayantilal Sanghvi Adjournment

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

Order Date: October 9, 2026

Case Overview

The National Company Law Tribunal (NCLT) Ahmedabad Single Bench heard proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC) in matter C.P.(IB)/99(AHM)2021. The case involves State Bank of India as the applicant versus Jayantilal Babulal Sanghvi as the respondent. Both parties were represented by legal counsel - Mr. Atul Sharma, Advocate for the applicant and Ms. Nitu Chaturvedi, Advocate for State Bank of India.

Final Outcome

The Tribunal granted an adjournment as requested by both parties' counsel. The matter has been rescheduled to be heard before the regular bench on November 4, 2026. No substantive hearing or decision on the merits of the case occurred during this proceeding.

Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment