Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 937 of 2023 along with I.A. No. 3191 of 2023. The appeal was filed by MP Industrial Development Corporation Ltd. (Appellant) against Prabhat Jain in his capacity as the Liquidator of Narmada Cereal Pvt. Ltd. (Respondent). The hearing was conducted in hybrid mode. Legal counsel for both parties were present: Ms. Niyati Choudhary and Mr. Abhishek Choudhary represented the Appellant, while Mr. Iswar Mohapatra and Mr. Animesh Pandey represented the Respondent. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical).
Final Outcome
The bench did not rule on the substantive matter of the appeal. The order states "No time left" and adjourns the hearing. The matter was listed for the next hearing on July 31, 2026.
Topics: NCLAT, Insolvency Appeal, Adjournment