Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: October 28, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard five separate insolvency appeals (Company Appeal (AT) (Insolvency) Nos. 1716, 1724, 1745, 1746, and 1747 of 2024) filed by Ashdan Properties Private Limited through its authorized representative. All appeals are against various entities within the Rolta group:
- Appeal No. 1716/2024: Against Rolta International Inc & Others
- Appeal No. 1724/2024: Against Rolta Overseas Pvt. Ltd. & Others
- Appeal No. 1745/2024: Against Rolta Bi and Big Data Analytics Pvt. Ltd. & Others
- Appeal No. 1746/2024: Against Rolta Pvt. Ltd. & Another
- Appeal No. 1747/2024: Against Rolta Middle East FZ LLC & Others
Representation included Mr. Pallav Saxena and Mr. Nipun Sharma advocating for multiple Rolta respondents across different appeals, while Ashdan Properties was represented by various advocates including Ms. Mahima Ahuja and Mr. Sandeep Bajaj with team members.
Final Outcome
The tribunal recorded that learned counsel for the respondents in all five appeals sought discharge from representation. Consequently, the bench ordered that fresh court notices be issued to all respondents in each appeal. All five appeals have been adjourned and listed for the next hearing on January 22, 2027. The order was passed by Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member Technical).
Topics: NCLAT Proceedings, Insolvency Appeals, Corporate Litigation