Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 19, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1474 of 2026 along with I.A. No. 5683 of 2026. The appellant is Affle 3i Ltd., and the respondents are Axis Trustee Services Ltd. & Anr. Legal representation was present for all parties: Mr. Abhijeet Sinha (Senior Advocate) with Nakul Sachdeva, Sagar Arora, Abhinandan Sharma, and Karan Sharma for the appellant; Mr. Harshit Khare and B. Gupta for Respondent 1 (Axis Trustee Services Ltd.); Mr. Apoorv Agarwal, Vaishnavi, and Ms. Manvi Jain for Respondent 2; and Mr. Gaurav Mitra (Senior Advocate) with Mr. Shruti Munjal, Ms. Trisha Dhara, and Ms. Ashwariya Modi for the Suspended Board. The hearing was conducted in hybrid mode.
Final Outcome
The NCLAT bench, consisting of Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Ajai Das Mehrotra, adjourned the matter. The appeal is now listed for the next hearing on August 24, 2026. This is a procedural adjournment with no substantive ruling on the merits of the case at this stage.
Topics: NCLAT Proceeding, Corporate Insolvency, Legal Adjournment