Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard two connected appeals filed against Alchemist Asset Reconstruction Co. Ltd. and another respondent. The appeals are registered as Company Appeal (AT) (Ins) No.949 of 2026 (filed by appellant Manish Patel) and Company Appeal (AT) (Ins) No.981 of 2026 (filed by appellant Paresh Parekh). Both appeals included corresponding Interlocutory Applications (I.A. No.3779 of 2026 and I.A. No.3897 of 2026). During the hearing conducted in hybrid mode, the learned counsel for the appellant was reported to be indisposed, preventing substantive hearing of the matter.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member - Judicial) and Barun Mitra (Member - Technical) adjourned both appeals to 27th July, 2026 for next hearing. No substantive orders were passed on the merits of the case due to the counsel's unavailability.
Topics: NCLAT Proceedings, Legal Adjournment, Asset Reconstruction