Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: November 2, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), heard four connected appeals. The appellants are Ajay Gupta (Comp. App. (AT) (Ins) No. 2075 of 2026), Abhishek Gupta (Comp. App. (AT) (Ins) No. 2077 of 2026), Pradeep Gupta, and Ankur Gupta (Comp. App. (AT) (Ins) No. 2088 of 2026). All appellants are appealing against Asset Reconstruction Company (India) Limited (ARCIL) and another respondent. The appeals were heard together. The legal representation for the appellants included Senior Advocate Arun Kathpalia and Advocates Krishnendu Datta, Rahul Gupta, Rahul Dadhich, Garima Malhotra, Yash Tandon, Parnkit Bhattacharya, Nitya P., Aashima Gautam, and Aditya D. The respondents were represented by Advocates Abhijeet Sinha, Sonakshi Dhiman, Bhoomika Ramchandani, Meghna Rao, and Abhishek Bose.
Final Outcome
The Tribunal did not hear the substantive matter due to a paucity of time. The order simply adjourns the hearing and lists all appeals for a fresh hearing on November 3, 2026, in the supplementary cause list. The order was passed in hybrid mode. No ruling on the merits of the case was made.
Topics: NCLAT, Insolvency Appeal, Adjournment