Authority: National Company Law Tribunal, Ahmedabad Bench - Court 2
Order Date: 8 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 59 of the Insolvency and Bankruptcy Code (IBC) concerning the liquidation of Tusk Bitumin Trading Private Limited. The matter was heard by a bench comprising Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy. Represented parties included Mr. Arjun Sheth (Advocate for the Applicant), Mr. Manish Bhagat (Liquidator), and Mr. Nandan S. Soni (Advocate representing Mr. Aman A Mir for the Income Tax Department).
The court noted that the Income Tax Department and the Registrar of Companies (ROC) had already filed their reports in the matter. The Liquidator appeared and submitted that he had complied with earlier orders of the tribunal.
Final Outcome
The NCLT directed the Liquidator to file written submissions covering all regulatory compliances, not exceeding two to three pages, within one week from the order date (by approximately 15 June 2026). The case was listed for further consideration on 8 July 2026.
Topics: Corporate Insolvency, Liquidation Proceedings, Regulatory Compliance