Gujarat Toolroom Faces CIRP After NCLT Admits Rs 26 Crore Default Claim

21 October 2026

Gujarat Toolroom Ltd.

NCLT Ahmedabad on 30 Sep 2026 admitted Naksh Steel's Section 9 petition for Rs 26.21 crore default on Jan 2025 invoices and ordered CIRP with moratorium, appointing Iqbal Singh Gandhi as IRP. Context: first insolvency action amid prolonged trading dormancy.