Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected company appeals related to insolvency matters. Company Appeal (AT) (Ins) No. 1268 of 2024 was filed by Shri Gurudatt Sugars Marketing Pvt. Ltd. as appellant against respondents Ritesh R. Mahajan & Others. The second appeal, Company Appeal (AT) (Ins) No. 1639 of 2024, was filed by Raigaon Sugar & Power Ltd. as appellant against respondents Shri Gurudatt Sugars Marketing Pvt. Ltd. & Another. Both appeals were accompanied by interim applications (I.A. No. 4521, 4522 of 2024 and I.A. No. 5982, 5983 of 2024 respectively). Legal representation was present for all parties: Mr. Manu Mishra and Mr. Imaan Khera represented the appellants in the first case and respondents in the second; Mr. Rohit Gupta, Mr. Abhinav Agrawal, Mr. Piyush Bhardwaj, and Mr. Shivam Sengupta represented the resolution professional and respondents; while Ms. Aakashi Lodha and Mr. Namanjeet Singh Bhatia represented Respondent-4.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned both appeals to August 19, 2026, citing "No time left" for hearing on the current date. The order was issued in hybrid mode, indicating some participants may have joined virtually. The matters remain pending without any substantive decision on the merits of the cases.
Topics: Insolvency Proceedings, Legal Adjournment