Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 13th August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 2356 of 2024 along with I.A. No. 8842 of 2024. The appeal was filed by ASREC (India) Ltd. as the appellant against respondents Lakhabhai Bhikabhai Vagh & Others. The matter was heard in hybrid mode. During the proceedings, the tribunal noted that there was no time left to hear the case on the scheduled date.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned the hearing and listed the appeal for next hearing on 25th September 2026. The order was purely procedural to reschedule the hearing without any substantive decision on the merits of the case.
Topics: NCLAT Proceedings, Insolvency Appeal, Case Adjournment