Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 391 of 2025. The appellant is Mahima Lifesciences Pvt. Ltd. The respondents are Concept Biosciences India Pvt. Ltd. and Mr. Ajay Kumar Agarwal, who is the Interim Resolution Professional (IRP) for Concept Biosciences. The appeal pertains to corporate insolvency proceedings. Representatives for both parties were present: Mr. Pulkit Deora and Mr. Himanshu Kohli, Advocates, for the appellant, and Mr. Ajay Kumar Agarwal, Advocate, appearing for himself in his capacity as the IRP.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), issued a procedural order. The tribunal noted "No time left" and adjourned the hearing. The appeal was listed for its next hearing on 15 September 2026. No substantive arguments were heard, and no decision on the merits of the case was made in this order.
Topics: NCLAT, Insolvency Appeal, Adjournment