Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 13 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1333 of 2026 along with I.A. No. 5208 of 2026. The appellant is Act Fininvest Ltd. The respondents are Ravi Sethia, the Resolution Professional of Morarjee Textiles Ltd., and another party. The appeal relates to insolvency proceedings involving Morarjee Textiles Ltd. The matter was presented before a bench consisting of Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Final Outcome
The tribunal adjourned the hearing of the appeal due to lack of time on the scheduled date. The matter was relisted for the next hearing on 2nd December 2026. No substantive arguments were heard or orders passed on the merits of the case on this date.
Topics: Insolvency Appeal, NCLAT Proceeding, Adjournment