Authority: National Company Law Tribunal, Ahmedabad Bench (Count-2)
Order Date: 17 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Sections 121 and 123 of the Insolvency and Bankruptcy Code, 2016. The case involves State Bank of India (Stressed Assets Management Branch) as the applicant versus Mr. Rishi Agarwal as the respondent. The matter was heard by a bench comprising Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical).
During the hearing, counsel for the respondent appeared and submitted that he had filed his vakalatnama on the day of the hearing. The counsel for the respondent also stated that he had submitted all documents available with his records. However, the counsel for the bankruptcy trustee indicated that additional documents were still required to conduct the bankruptcy proceedings properly.
Final Outcome
The tribunal directed the bankruptcy trustee to convene a meeting with the respondent within the next few days to obtain the necessary details. The trustee was further instructed to file any pending documents, lists, or non-compliance reports by the next date of hearing. The matter has been adjourned and listed for further consideration on 06 July 2026.
Topics: Banking NPA, Legal Proceedings