Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 12, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected company appeals related to insolvency proceedings. Company Appeal (AT) (Ins) No. 1601 of 2023 was filed by Raj Kumar Dad, the Interim Resolution Professional (IRP) of M/S Blaze Promoters Pvt. Ltd., against Atul Kumar Kansal, the Resolution Professional of Universal Buildwell Pvt. Ltd. A connected appeal, Company Appeal (AT) (Ins) No. 1696 of 2023 along with I.A. No. 6100 of 2023, was filed by the Committee of Creditors of Blaze Promotor Ltd. & Anr. against Atul Kansal (Resolution Professional, Universal Buildwell Pvt. Ltd.) & Anr.
Final Outcome
The bench, comprising Justice Mohd. Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), adjourned the matters due to time constraints. The appeals were listed for the next hearing on November 18, 2026. No substantive rulings or decisions on the merits of the cases were made in this order.
Topics: Insolvency Proceedings, NCLAT Adjournment