Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected insolvency appeals: Company Appeal (AT) (Insolvency) No. 949 of 2026 with I.A. No. 3779 of 2026, and Company Appeal (AT) (Insolvency) No. 981 of 2026 with I.A. No. 3897 of 2026. The appellants in these cases are individuals Manish Patel and Paresh Parekh, respectively. Both appeals are filed against Alchemist Asset Reconstruction Co. Ltd. and another respondent. The common legal representative for both appellants was Advocate Ms. Mitika Agrawal.
The order does not detail the specific nature of the dispute or the background allegations, as the hearing was procedural. The appellants' counsel sought more time, and the tribunal granted this request.
Final Outcome
The NCLAT bench, comprising Justice Yogesh Khanna (The Officiating Chairperson) and Member (Technical) Ajai Das Mehrotra, adjourned both appeals. The cases are now listed for the next hearing on 10 September 2026. No substantive ruling, penalties, or directions were issued in this order, which was purely procedural to accommodate the request for an adjournment.
Topics: NCLAT, Insolvency Appeal, Adjournment