Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 16/06/2026
Case Overview
This matter concerns an application (IA(Lig.)Progress Report /209(AHM)2026) filed in the ongoing corporate insolvency resolution process of Sunpoint Trading Limited. The application was filed by the liquidator under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules, 2016. The purpose was to place on record the Third Progress Report for the quarter ended March 2026 concerning the liquidation of Sunpoint Trading Limited. The original petition was filed under Section 7 of the IBC by Jhaveri Trading and Investment Private Limited against Sunpoint Trading Limited (C.P.(IB)/149(AHM)2024).
Final Outcome
The NCLT bench, comprising Member (Technical) Sanjeev Sharma and Member (Judicial) Shammi Khan, accepted and took on record the liquidator's Third Progress Report. The tribunal also noted compliance with its previous order dated 15.05.2026, accepting a status report filed by the liquidator on 16.06.2026 (vide inward diary No. D-4860). Both reports were placed with the main file for future reference. The application (IA(Liq.)Progress Report /209(AHM)2026) was disposed of accordingly.
Topics: Corporate Insolvency, Liquidation Proceedings