Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 13 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an appeal filed by Naresh Chand, Suspended Director of Ashiana Ispat Pvt Ltd, against Mani Mahesh Ispat Pvt Ltd and Other Respondents. The appeal appears to challenge proceedings related to the corporate insolvency resolution process or other matters under the Insolvency and Bankruptcy Code, though the specific nature of the dispute is not detailed in this procedural order. The matter was being heard in hybrid mode with senior advocates representing both parties.
Final Outcome
The hearing was adjourned without any substantive decision as the appellant's counsel could not complete submissions due to time constraints. The bench, comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Naresh Salecha (Member Technical), listed the matter for further hearing on 15 July 2026 in the supplementary cause list.
Topics: Corporate Insolvency, Legal Proceedings, Director Appeals