Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 12th August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 633 of 2026. The appellant in the matter is A-One Phthalo Colors Pvt. Ltd. The respondents include Mr. Sanjay Bulakichand Borad, the Resolution Professional of Nirbhay Rasayan Pvt. Ltd., and other parties represented by their advocates. The nature of the proceeding is an insolvency appeal. The legal representation for the appellant was led by Senior Advocate Mr. Gaurav Mitra, along with a team of advocates. The respondents were represented by advocates Mr. Karan Valeha and Ms. Shivangi Khandelwal for the Resolution Professional, and advocates Mr. Ram Madan, Ms. Deepa Pahuja, and Mr. Sarabjeet Singh for Respondent-3.
Final Outcome
The bench, presided over by Justice Yogesh Khanna (The Officiating Chairperson) along with Member (Technical) Barun Mitra and Member (Technical) Ajai Das Mehrotra, passed a procedural order. The appeal was adjourned and listed for the next hearing on 31/08/2026. No substantive decisions on the merits of the case were made in this order.
Topics: Insolvency Appeal, NCLAT Proceeding