Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 25 August 2026
Case Overview
The appeal, registered as CA (AT) (Ins) No. 1297 of 2026, was filed by Mr. Debashis Nanda in his capacity as the Liquidator of Chamber Constructions Pvt. Ltd. The appellant was represented by Senior Advocate Mr. Sumant Batra and a team of advocates. The respondents were represented by advocates for lead secured creditor Raj Radhe Finance Ltd. and for the Resolution Professional.
The Tribunal noted that an identical matter had already been heard by a co-ordinate bench and that the judgment in that case had been reserved. No substantive arguments were heard in this appeal due to this development.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical), passed a procedural order to adjourn the hearing. The appeal was listed for its next hearing on 11 September 2026 under the same caption, awaiting the outcome of the judgment in the identical matter.
Topics: Insolvency, Legal Proceeding, NCLAT