Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
Order Date: 17th August, 2026
Case Overview
The National Company Law Appellate Tribunal heard two connected insolvency appeals:
1. Company Appeal (AT)(INSOLVENCY) NO.1090-1093 OF 2026: Between Edelweiss Asset Reconstruction Company Ltd (Appellant) and Fab Metals Pvt Ltd & Others (Respondents)
2. Company Appeal (AT)(INSOLVENCY) NO.1119 OF 2026: Between Lodha Developers Ltd (Appellant) and CA Kanak Jain, RP of Premier Limited & Others (Respondents)
The appeals were heard in hybrid mode. For Appeal No.1090-1093, arguments were presented by Mr. Abhijeet Sinha, Senior Advocate for the appellant (Edelweiss ARC). For Appeal No.1119, arguments were presented by Mr. Arun Kathpalia, Senior Advocate for the appellant (Lodha Developers).
The Tribunal heard arguments from learned senior counsel for both appellants. Arguments were concluded for Edelweiss ARC's appeal (No.1090-1093) but remained inconclusive for Lodha Developers' appeal (No.1119).
Final Outcome
The NCLAT has adjourned both appeals for further arguments. The matters are now listed for hearing on 14th and 15th September, 2026 at 2 PM. No substantive decision on the merits of either appeal was rendered in this order, which serves solely as a scheduling directive.
Topics: Insolvency Proceedings, Corporate Litigation, NCLAT Hearing