Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected appeals: Comp. App. (AT) (Ins) No. 1772 of 2026 with I.A. No. 6703 of 2026, and Comp. App. (AT) (Ins) No. 1773 of 2026 with I.A. No. 6707 of 2026. Both appeals were filed by appellant Manju Sirohi against respondents Assets Care & Reconstruction Enterprise Ltd. & Anr. The proceedings were conducted in hybrid mode with legal representation from both sides. For the appellant, Mr. Sulaiman Mohd. Khan, Ms. Taibh Khan, Mr. Yashvardhan Mittal, and Mr. Ranjeet Singh appeared as advocates. For the respondents, Mr. Amit Prakash appeared as advocate for Respondent-2. The Tribunal heard arguments from both parties and noted that the admission of the appeals stands concluded.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) reserved the order. The court permitted learned counsel for both parties to file written submissions within five days from the order date (17 September 2026), with the submission limited to 3-4 pages using Times New Roman font with size 14. The parties were also allowed to file any legal precedents on which they seek to rely.
Topics: Insolvency Appeal, NCLAT Proceedings