Gujarat Toolroom513337CIRP or IBC

NCLT admits insolvency petition; CIRP initiated and Interim Resolution Professional appointed

NCLT Ahmedabad admits insolvency petition against Gujarat Toolroom Ltd.

By ScoutQuest · Wed 21 Oct 2026, 2:19 PM IST · 2 min read

NCLT Order Date: Order dated 30.09.2026
Case Number: CP (IB) 158/NCLT/AHM/2026
Interim Resolution Professional: Mr. Iqbal Singh Gandhi appointed Interim Resolution Professional

The Hon'ble NCLT, Ahmedabad Division Bench Court I passed an order dated 30.09.2026 admitting a petition shared under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The case number is CP (IB) 158/NCLT/AHM/2026, and the company named as Corporate Debtor is M/s Gujarat Toolroom Limited.
By virtue of the same order, the Corporate Insolvency Resolution Process (CIRP) has been initiated against the company.
Mr. Iqbal Singh Gandhi, IBBI reg. no. IBBI/IPA-001/IP-P-02365/2021-2022/13524, has been appointed as the Interim Resolution Professional (IRP).
A copy of the order was received on 01.10.2026, and the intimation letter to BSE is dated 21 October 2026. It is signed by the Interim Resolution Professional for Gujarat Toolroom Limited (In CIRP).
The company is identified by BSE Scrip Code 513337 and ISIN INE145J01032.

CIRP: a formal, court-supervised process under the Insolvency and Bankruptcy Code to deal with a company that has defaulted on dues. It is run under the oversight of the NCLT.
Section 9 petition: an application shared before the NCLT by an operational creditor, that is, someone who has supplied goods or services to the company and is owed money.
Interim Resolution Professional: an insolvency professional appointed by the tribunal at the time of admission to take charge of the resolution process.
Corporate Debtor: the company against which the insolvency petition has been admitted.

The company is now described in the update as Gujarat Toolroom Limited (In CIRP), and this intimation is issued on its behalf by the Interim Resolution Professional rather than by a company officer.
The update itself is an intimation to the stock exchange for information and record, informing the market that the insolvency process has formally begun.

Admission of an insolvency petition is a significant corporate event: the company now sits inside a formal resolution process governed by the NCLT and the Insolvency and Bankruptcy Code.
Outcomes under this framework are decided by the process set out in the Code, which can end in an approved resolution plan or in liquidation, depending on how the process unfolds.
The update is a disclosure of the order and the appointment; it does not change anything that a shareholder needs to act on at this stage other than to note the development.