Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 23 July 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) in an insolvency-related appeal, numbered Comp. App. (AT) (Ins) No. 1495 of 2025. The appellant is Rajesh Kumar Sahu. The respondents are Sambhulal Agarwal (the Interim Resolution Professional (IRP) for Fortune Spirit Ltd.) and another unnamed party. The legal representatives for all parties were present: Mr. Malak Bhatt and Mr. Saahil Bahety for the appellant; Mr. DP Nanda (Senior Advocate) with Mr. Swarup Singh Samant for the second respondent; and Mr. Patita Paban Bishwal for the first respondent (the IRP). The two-member bench consisted of Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical).
Final Outcome
The hearing for this appeal was adjourned. The order states "No time left" as the reason for the adjournment. The appeal has been listed next for hearing on 24 August 2026. No substantive matters relating to the insolvency of Fortune Spirit Ltd. were discussed or decided in this order.
Topics: NCLAT, Insolvency Appeal, Adjournment