NCLAT Adjourns Acrow Constructions and Avazy Realcon Appeals

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

Order Date: 15.07.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected insolvency appeals. The first appeal, Comp. App. (AT) (Ins) No. 449 of 2024 along with I.A. No. 4174 and 6047 of 2025, was filed by Acrow Constructions Pvt. Ltd. & Ors. (Appellants) against Punjab National Bank & Ors. (Respondents). The second connected appeal was Comp. App. (AT) (Ins) No. 1329 of 2024, filed by Avazy Realcon Pvt. Ltd. & Ors. (Appellants) against Punjab National Bank & Ors. (Respondents). Multiple advocates represented the various parties involved in both appeals.

Final Outcome

The Tribunal, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), adjourned the hearing of both appeals. The order states "No time left" as the reason for adjournment. The matters were listed for the next hearing on July 24, 2026.

Topics: Insolvency Appeals, NCLAT Proceedings, Corporate Litigation