Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: July 9, 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Ins) No. 240 of 2025. The appeal involves the Resolution Professional (RP) of Dream Procon Pvt. Ltd., Ravi Sharma, as the Appellant, and Sunil Kumar Agrawal & Anr. as the Respondents. The matter pertains to insolvency proceedings concerning the corporate debtor, Dream Procon Pvt. Ltd.
The proceedings before the tribunal are at a stage where the appellant has filed an additional affidavit. The counsel for the respondents, Mr. Raghav Marwa, sought more time to file a reply to this additional affidavit submitted by the appellant.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Indevar Pandey, granted the respondent's request. The respondent is directed to file their reply within two weeks. Consequently, the hearing of the appeal has been adjourned and is now scheduled to be listed on September 15, 2026. This is a procedural order that delays the final hearing of the appeal.
Topics: Insolvency Appeal, NCLAT, Adjournment