Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 12 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has issued a procedural order in two interconnected Company Appeals (AT) (Insolvency) bearing numbers 982 and 983 of 2026. The appeals have been filed by Mr. Mehul Sedani, who is identified as the Successful Resolution Applicant for Grey's Exim Pvt. Ltd. The appeals are directed against Mr. Prashant Jain, who is named as the Resolution Professional and Erstwhile Resolution Professional of Grey's Exim Pvt. Ltd., along with other respondents. Interim Applications numbered I.A. No. 3898, 3899, and 3905 of 2026 are also associated with these appeals. The nature of the dispute pertains to the Corporate Insolvency Resolution Process (CIRP) of the corporate debtor, Grey's Exim Pvt. Ltd. The order itself is a scheduling directive and does not delve into the substantive allegations, reasoning, or conclusions of the case.
Final Outcome
The bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, has adjourned the hearing. Both appeals and their connected interim applications are now listed for the next hearing on 24 August 2026. The final ruling on the merits of the case is pending.
Topics: Insolvency, NCLAT, Corporate Debtor