Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 29/06/2026
Case Overview
This is an order in an Interlocutory Application (IA/1480(AHM)2025) within the main corporate insolvency proceeding (CP(IB) 385 of 2020) initiated by State Bank of India (Financial Creditor/Applicant) against Shreebhav Polyweaves Pvt Ltd (Corporate Debtor/Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC).
The matter before the bench was a procedural update concerning a filed affidavit. The Respondent in this specific application is the Income Tax Department, which filed an affidavit in reply on 29 June 2026 (Inward No. D 5313). The tribunal has taken this affidavit on record. The Applicant in this application is the Successful Resolution Applicant (SRA), who sought time to file a rejoinder to the Income Tax Department's reply.
Final Outcome
The tribunal granted the SRA ten days' time to file a rejoinder. The matter has been adjourned and is now listed for arguments and disposal of this Interlocutory Application on 15 July 2026.
This content describes a procedural adjournment in an ongoing legal matter and may not be financially relevant.