Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
Order Date: 17 August 2026
Case Overview
The National Company Law Appellate Tribunal heard two connected company appeals related to insolvency proceedings. Company Appeal (AT)(INSOLVENCY) No.1090-1093 of 2026 involves Edelweiss Asset Reconstruction Company Ltd as the appellant against Fab Metals Pvt Ltd & Others as respondents. Company Appeal (AT)(INSOLVENCY) No.1119 of 2026 involves Lodha Developers Ltd as the appellant against CA Kanak Jain (Resolution Professional of Premier Limited) & Others as respondents.
The appeals were heard in hybrid mode before a bench consisting of Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member Technical), and Mr. Ajai Das Mehrotra (Member Technical). Multiple senior advocates represented the parties: Mr. Abhijeet Sinha for Edelweiss ARC, Mr. Arun Kathpalia and Mr. Vaibhav Gaggar for Lodha Developers, Mr. Rohit Gupta for the SRA, and Mr. Krishnendu Datta for the Resolution Professional.
Final Outcome
The tribunal concluded arguments from Edelweiss ARC's counsel but found that arguments from Lodha Developers' counsel remained inconclusive. Both appeals have been adjourned and listed for further arguments on September 14 and 15, 2026, at 2 PM. No substantive ruling or decision on the merits of the cases was made in this order.
Topics: NCLAT Proceedings, Insolvency Appeals, Corporate Litigation