Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 10 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1333 of 2026 along with I.A. No. 5208 of 2026. The appeal was filed by Act Fininvest Ltd as the appellant against Ravi Sethia (Resolution Professional of Morarjee Textiles Ltd) and another respondent. The appeal relates to insolvency proceedings concerning Morarjee Textiles Ltd. The appellant was represented by advocates Ms. Atika Singh and Mr. Kunal Anand.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) adjourned the matter and listed the appeal for next hearing on 17 August 2026. The order was passed in hybrid mode.
Topics: Insolvency Appeal, Corporate Litigation, NCLAT Proceedings