Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two interconnected company appeals related to insolvency proceedings. The first appeal (Company Appeal (AT) (Ins) No. 1268 of 2024) was filed by Shri Gurudatt Sugars Marketing Pvt. Ltd. against Ritesh R. Mahajan & Others. The second appeal (Company Appeal (AT) (Ins) No. 1639 of 2024) was filed by Raigaon Sugar & Power Ltd. against Shri Gurudatt Sugars Marketing Pvt. Ltd. & Another. Both appeals had corresponding Interlocutory Applications (I.A. No. 4521, 4522 of 2024 and I.A. No. 5982, 5983 of 2024 respectively). Multiple advocates represented the parties: Mr. Manu Mishra and Mr. Imaan Khera for Shri Gurudatt Sugars; Mr. Rohit Gupta, Mr. Abhinav Agrawal, Mr. Piyush Bhardwaj, and Mr. Shivam Sengupta for the Resolution Professional; and Ms. Aakashi Lodha and Mr. Namanjeet Singh Bhatia for Respondent-4.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned both appeals due to time constraints. The matters were listed for next hearing on August 19, 2026. No substantive decisions or rulings were made in this order.
Topics: Insolvency Appeals, NCLAT Proceedings, Sugar Industry