Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: November 2, 2026

Case Overview

The order pertains to four connected appeals filed before the NCLAT:

  • Comp. App. (AT) (Ins) No. 2075 of 2026: Ajay Gupta vs. Asset Reconstruction Company (India) Ltd. & Anr.
  • Comp. App. (AT) (Ins) No. 2077 of 2026: Abhishek Gupta vs. Asset Reconstruction Company (India) Ltd. & Anr.
  • Comp. App. (AT) (Ins) No. 2087 of 2026: Pradeep Gupta vs. Asset Reconstruction Company (India) Limited (ARCIL) & Anr.
  • Comp. App. (AT) (Ins) No. 2088 of 2026: Ankur Gupta vs. Asset Reconstruction Company (India) Limited (ARCIL) & Anr.

The appellants are represented by multiple advocates including Adv. Krishnendu Datta, Mr. Rahul Gupta, Mr. Rahul Dadhich, Ms. Garima Malhotra, Mr. Yash Tandon, Adv. Arun Kathpalia (Sr. Adv.), Mr. Parnkit Bhattacharya, Ms. Nitya P., Ms. Aashima Gautam, and Adv. Aditya D. The respondents, ARCIL and another, are represented by Mr. Abhijeet Sinha, Adv. Sonakshi Dhiman, Adv. Bhoomika Ramchandani, Adv. Meghna Rao, and Mr. Abhishek Bose.

The nature of the underlying dispute or the specific grounds of appeal are not detailed in this procedural order.

Final Outcome

The bench, comprising Justice Sharad Kumar Sharma (Member-Judicial), Arun Baroka (Member-Technical), and Indevar Pandey (Member-Technical), did not hear the matters on the scheduled date of November 2, 2026, citing "paucity of time." Consequently, all four appeals have been adjourned and are now listed to be heard as fresh matters on the following day, November 3, 2026, in the supplementary cause list. No substantive issues were addressed in this order.

Topics: Insolvency Appeal, Adjournment, Procedural Order