Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30th September, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Company Appeal (AT) (Insolvency) No. 727 of 2026 along with I.A. No. 2837 of 2026. The appellants are Mahmud Ali & Others, while the respondent is Manish Jain in his capacity as the Liquidator of Sasa Musa Sugar Works Pvt. Ltd. The appeal pertains to insolvency proceedings involving Sasa Musa Sugar Works Pvt. Ltd. Representation included Mr. Jitendra Patnaik, Advocate for the appellants, and Mr. Tushar Singh along with Mr. Pratyaksh Bhadoria, Advocates representing the Central Bank for the respondent.
Final Outcome
Due to paucity of time, the matter could not be taken up for hearing on September 30, 2026. The NCLAT bench, consisting of Justice Sharad Kumar Sharma (Member-Judicial), Arun Baroka (Member-Technical), and Indevar Pandey (Member-Technical), adjourned the appeal and listed it for the next hearing on November 16, 2026. The interim order, if any was previously in place, shall remain in operation until the next date of listing.
Topics: Insolvency, NCLAT Proceedings