Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 09 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 391 of 2025 between Mahima Lifesciences Pvt. Ltd. (Appellant) and Ajay Kumar Agarwal, IRP in Concept Biosciences India Pvt. Ltd. & Anr. (Respondents). The matter involves an insolvency-related appeal. During the hearing, Ms. Urvija Shamra appeared through video conference representing the newly impleaded Respondent No. 2. She informed the tribunal that in compliance with the previous order dated 21.05.2026, steps had not been taken to serve the newly impleaded Respondent No. 2, and moreover, the copy of I.A. No. 6115 of 2025 in CA(AT)(Ins.) No. 391 of 2025 had not been provided to her.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) directed the learned counsel for the Appellant to provide a copy of the Memo of Appeal along with a copy of I.A. No. 6115 of 2025 on the same day to Ms. Urvija Sharma's email address, which she would provide in the chat box. The tribunal granted the newly impleaded Respondent No. 2 two weeks to file a reply with an advance copy to the appellant's counsel. The appellant was allowed to file a rejoinder, if any, within one week thereafter. The appeal was listed for next hearing on 03 August 2026.
Topics: NCLAT Proceeding, Insolvency Appeal, Procedural Adjournment