Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 11/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard Appeal/24(AHM)2021 between Tirupati Fin-Lease Ltd (Applicant) and State Bank of India & Others (Respondents). The proceedings were initiated under Sections 58(3) and 59 of the Companies Act, 2013. During the hearing, only proxy counsel appeared for the applicant, with Mr. Rishabh Shah and Ms. Somya Jain representing the applicant's side. For the respondents, Ms. Dharmishta N Raval and Mr. Abhijit P Joshi appeared. The main counsel for the applicant was absent, and the proxy counsel requested a pass over during the first call. During the second call, the main counsel remained absent, and only proxy counsel appeared again, requesting another pass over, which was not granted by the bench.
Final Outcome
The bench consisting of Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical) declined to grant a second pass over and adjourned the matter. The case has been relisted for further consideration on 09 July 2026. No substantive hearing on the merits of the case occurred during this session.
Topics: NCLT Proceedings, Company Law, Hearing Adjournment