Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 823 of 2025 between Indian Sugar Exim Corporation Ltd (Appellant) and Shri Gajanan Maharaj Sugar Ltd (Respondent). The appeal was conducted in hybrid mode with legal representation present for both parties. Mr. Lokesh Bhola and Ms. Tesu Gupta represented the Appellant, while Ms. Geeta Lundwani and Mr. Amey Hadwala represented the Respondent. The bench comprised Justice Yogesh Khanna as Officiating Chairperson along with Mr. Barun Mitra (Member Technical) and Mr. Ajai Das Mehrotra (Member Technical).
Final Outcome
The NCLAT adjourned the appeal and listed the matter for the next hearing on December 17, 2026. The order represents a procedural adjournment without substantive ruling on the merits of the insolvency appeal at this stage.
Topics: Insolvency Appeal, Legal Proceedings