Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15th July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 633 of 2026, an appeal filed by A-One Phthalo Colors Pvt. Ltd. against Sanjay Bulakichand Borad, the Resolution Professional of Nirbhay Rasayan Pvt. Ltd. The matter appears to relate to corporate insolvency resolution proceedings involving Nirbhay Rasayan Pvt. Ltd. The hearing was conducted in hybrid mode with legal representation from both parties: Mr. Arjun R. Sheth and Rishabh Shah appearing for the appellant (A-One Phthalo Colors), and Mr. Karan Valecha appearing for the respondent resolution professional.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Barun Mitra, adjourned the hearing of the appeal. The matter has been listed for next hearing on 12th August 2026. No substantive decisions or observations on the merits of the case were recorded in this procedural order.
Topics: NCLAT Proceedings, Corporate Insolvency, Adjournment