Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 11th August, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 167 of 2026 along with I.A. No. 3196 of 2026. The appeal was filed by Mayurkumar Vishnubhai Patel, the suspended director of Global Medicines Limited, against Hiten Abhani, the Resolution Professional of Global Medicines Ltd, and another respondent. The matter was heard in hybrid mode. The tribunal did not address the substantive merits of the case but focused on procedural aspects.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) adjourned the appeal to 18th August, 2026. The court directed the learned counsel for both parties to ensure exchange of their pleadings by that date. No substantive rulings, penalties, or decisions on the insolvency matter were issued in this order.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation