Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 15.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing Company Appeal (AT) (Insolvency) No. 2356 of 2024 along with I.A. No. 8842 of 2024. The appeal was filed by ASREC (India) Ltd. (Appellant) against Lakhabhai Bhikabhai Vagh & Ors. (Respondents). The nature of the proceedings is an insolvency appeal. The matter was heard in hybrid mode.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Arun Baroka (Member - Technical), could not take up the matter for hearing on 15.10.2026 due to a paucity of time. The appeal has been adjourned and is now listed for hearing on 01.12.2026. No substantive orders were passed on the merits of the case.
Topics: Insolvency, NCLAT, Adjournment