Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 15 September 2026
Case Overview
This is an appeal (Comp. App. (AT) (Ins) No. 1743 of 2026) filed by Lekhi Forgings Private Limited (Appellant) against Ashok Kumar Golecha and Another (Respondents). The appeal challenges an order (described as the 'impugned order') passed by the Learned Adjudicating Authority (NCLT) which approved a resolution plan. The Appellant's primary contention is that the impugned order was passed in 'utter disregard of the factual and legal aspects of the matter.' The Appellant's counsel, Mr. Sandeep Bajaj, argued that the plan was approved in haste, despite the Adjudicating Authority being aware that a separate appeal filed by the Appellant against an earlier order (which refused to exclude the Appellant's property from the process) is already pending before the NCLAT.
Final Outcome
After hearing the Appellant's counsel and perusing the records, the NCLAT bench, comprising Justice Mohammad Faiz Alam Khan and Naresh Salecha, concluded that the matter 'requires consideration' but that no 'good case' existed at this stage to issue any interim directions. The Tribunal issued formal notice to the Respondents. Respondent No. 1 (Ashok Kumar Golecha), represented by Mr. Amar Vivek, was granted two weeks to file a reply. The Appellant was given one subsequent week to file a rejoinder. Notice was also issued to Respondent No. 2, with requisite steps to be taken within three working days. The appeal was listed for the next hearing on 13 October 2026 under the caption 'After Notice'.
Topics: Insolvency Appeal, Interim Relief