Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 21, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1393 of 2026 filed by Astral Buildcon Pvt. Ltd. as the appellant against respondents Pramod Kumar Sharma (Resolution Professional) and International Recreation & Amusement Ltd. The appeal relates to corporate insolvency resolution proceedings under the Insolvency and Bankruptcy Code. The matter was listed for hearing but could not be taken up substantively due to time constraints.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical) adjourned the appeal and listed it for next hearing on October 7, 2026. No substantive arguments were heard or orders passed on the merits of the case.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Litigation