Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 8, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 863 of 2026 between Asset Reconstruction Company (India) Ltd. (ARCIL) as the appellant and Calyx Spaces LLP as the respondent. The appeal involves insolvency proceedings, though the specific nature of the dispute or allegations are not detailed in this procedural order. Only the appellant's counsel, Mr. Gulsan Kr. Sachdev, Advocate, was present during the hearing. The respondent had no representation.
Final Outcome
The two-member bench comprising Justice N. Seshasayee (Member - Judicial) and Barun Mitra (Member - Technical) adjourned the matter and listed the appeal for the next hearing on July 30, 2026. The order was passed in hybrid mode, indicating both physical and virtual hearing options were available.
Topics: Insolvency Appeal, NCLAT Proceeding, Asset Reconstruction