Union Bank Insolvency Adjourned to June 30

Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: June 8, 2026

Case Overview

The National Company Law Tribunal (NCLT) Ahmedabad heard an insolvency petition filed by Union Bank of India Limited against Vishal Natwarlal Lotiya under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The case is registered as C.P.(IB)/168(AHM)2026. During the proceedings, the learned proxy counsel for the applicant (Union Bank) requested an adjournment on the grounds that the advocate on record was unavailable due to personal difficulty.

Final Outcome

The bench, comprising Member (Judicial) Mr. Shammi Khan and Member (Technical) Mr. Sanjeev Sharma, granted the adjournment. The matter has been relisted for further consideration on June 30, 2026.

Topics: Insolvency Proceeding, Banking, NCLT