Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: September 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an insolvency appeal filed by Mayurkumar Vishnubhai Patel, the suspended director of Global Medicines Limited. The appeal is directed against Hiten Abhani, the Resolution Professional of Global Medicines Ltd, and another respondent. The case is registered as Company Appeal (AT) (Insolvency) No. 167 of 2026 with a connected Interim Application No. 3196 of 2026. The three-member bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) heard arguments from both parties' legal representatives.
Final Outcome
The NCLAT bench adjourned the matter and listed the appeal for further hearing on October 5, 2026. No substantive decisions on the merits of the case were made in this order, which served solely as a scheduling directive for the next hearing date.
Topics: Insolvency Proceedings, Corporate Litigation