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 Company Appeal (AT) (Ins.) No. 1959 of 2026. The appellants consist of a consortium comprising Admas Industries Pvt. Ltd., Subh Ashish Exim Pvt. Ltd., and Amit Jain, along with Hardcastle Restaurants Pvt. Ltd. in its capacity as the Successful Resolution Applicant of Sristi Hospitality Private Limited. The respondents are Rajan Deshraj Agarwal & Anr. The appeal relates to insolvency proceedings concerning Sristi Hospitality Private Limited. Representation for the appellants was led by Mr. Vivek Sibal, Senior Advocate, assisted by Ms. Anjali Sharma, Ms. Ragini Vinaik, and Ms. Hridyaa Singh. The first respondent was represented by Mr. Sumant Batra, Mr. Akshay Goel, Mr. Sarthak Bhandari, Ms. Riya Kaur Arora, Mr. Dhruv Sharma, and Mr. Aditya Jain.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), adjourned the hearing. The adjournment was granted based on a request made by the learned counsel representing the Appellant. The appeal was rescheduled to be listed on the following day, 14 October 2026, under the same caption.
Topics: Insolvency Appeal, Corporate Litigation