Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 15.07.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 120 of 2025, an appeal filed by Mohsinali Varteji against respondents including Sunit Shah (Resolution Professional of Shree Rajeshwaranand Paper Mills Ltd.) and others. The proceedings were conducted in hybrid mode with legal representation from both sides. Mr. Dhaval Deshpande, Mr. Amir Arsiwala, and Ms. Neha Arya represented the appellant. Respondents were represented by Ms. Honey Satpal, Mr. Akash Agarwalla, and Mr. Aman (for R-1); Mr. Karan Valecha and Mr. Ravi Rahunath (for R-2); and Mr. Vibhor Mathur and Ms. Pratika Agarwal (for R-3 & R-4).

Final Outcome

The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical) adjourned the appeal to August 7, 2026, based on a request made by the learned counsel for the appellant.

Topics: Insolvency Appeal, NCLAT Proceedings, Adjournment