Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 13th August 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) concerning Comp. App. (AT) (Ins) No. 2356 of 2024 and an interconnected Interlocutory Application (I.A. No. 8842 of 2024). The appellant in the case is ASREC (India) Ltd. The respondents are Lakhabhai Bhikabhai Vagh & Ors. The order was passed in hybrid mode. The background or nature of the underlying insolvency dispute is not detailed in this procedural order.
Final Outcome
The tribunal, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), noted that there was no time left to hear the matter on the scheduled date. Consequently, the appeal was adjourned and listed for a fresh hearing on a future date, 25th September 2026. No substantive decisions on the merits of the case were made in this order.
Topics: NCLAT, Insolvency Appeal, Adjournment