Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 13 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench was scheduled to hear Comp. App. (AT) (Ins) No. 1217 of 2026 along with I.A. No. 4705 of 2026. The appeal was filed by Naresh Chand, the Suspended Director of Ashiana Ispat Pvt Ltd., against Mani Mahesh Ispat Pvt. Ltd. and Others. The matter pertains to insolvency proceedings.
Final Outcome
The Bench, comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical), could not take up the appeal for hearing on August 13, 2026, due to their engagement in fresh cases. The order was passed at 4:40 PM, and the appeal was adjourned. It was relisted for hearing on the next day, August 14, 2026, in the supplementary list.
Topics: Insolvency Appeal, NCLAT Proceeding