Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: September 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No.1246 of 2026 filed by Asset Reconstruction Company (India) Ltd (ARCIL) acting in its capacity as trustee of ARCIL-JCT III Trust. The appellant is appealing against Umesh Garg, the Resolution Professional of JCT Ltd, and another respondent. The appeal was conducted in hybrid mode. The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Final Outcome
The NCLAT adjourned the appeal and listed it for the next hearing on October 14, 2026. The tribunal ordered that the existing interim order shall continue until the next hearing date.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Debt Resolution