Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 10, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued an order in Company Appeal (AT) (Insolvency) No. 1333 of 2026 along with I.A. No. 5208 of 2026. The appeal has been filed by Act Fininvest Ltd as the appellant against Ravi Sethia, who is identified as the Resolution Professional of Morarjee Textiles Ltd, along with another respondent. The proceedings were conducted in hybrid mode. The bench was composed of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical). Legal representation for the appellant was provided by advocates Ms. Atika Singh and Mr. Kunal Anand.
Final Outcome
The NCLAT bench ordered that the appeal be listed again for hearing on August 17, 2026. This constitutes an adjournment of the proceedings without any substantive decision on the merits of the case at this stage.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation