Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 07.10.2026
Case Overview
This is an order in Company Appeal (AT) (Insolvency) No. 572 of 2025 along with Interlocutory Applications numbered I.A. No. 2186, 2187, and 6034 of 2025. The appellant is Vikash Gautamchand Jain in his capacity as the Liquidator of Ardor Global Pvt. Ltd. The respondents are Fenil Bharatbhai Shah and Others. Multiple advocates represented the parties: Mr. Ravi Raghunath and Mr. Namanjeet Singh Bhatia for the Appellant; Mr. Karan Valecha and Mr. Jaimin R. Dave for Respondents 14 and 16; Mr. Arjun Sheth, Ms. Somya Jain, and Ms. Disha Karkar for Respondents 1 and 2; and Mr. Abhishek Mehta for Respondent 15. The bench hearing the matter consisted of Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical).
Final Outcome
The tribunal noted that there was no time left to hear the matter on the scheduled date. Consequently, the appeal and the connected applications were adjourned and listed for the next hearing on 26.11.2026.
Topics: Insolvency, Legal Proceeding, NCLAT