Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 119 of 2026 between Abhinandan Trade Private Limited & Others (Appellants) and Kiran Shah, Resolution Professional of KSL and Industries Ltd & Others (Respondents). The appellants are challenging actions or decisions related to the corporate insolvency resolution process of KSL and Industries Ltd, where Kiran Shah serves as the Resolution Professional. The matter was presented before a bench consisting of Justice Yogesh Khanna (The Officiating Chairperson) and Barun Mitra (Member - Technical). Representation included Adv. Eshna Kumar, Adv. Muskan A., Adv. Sabri, and Adv. Astha Aggrawal for the appellants, and Mr. Sanjay Bajaj, Mr. R. Prakash, and Mr. Arjun Seth for the respondents.
Final Outcome
The NCLAT issued a procedural order adjourning the matter and listing it for the next hearing on 29 October 2026. No substantive rulings, observations, or decisions on the merits of the case were made in this order.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Dispute