Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi was hearing Company Appeal (AT) (Insolvency) No. 1734 of 2024 along with I.A. No. 2735 of 2025. The appeal was filed by Naveen Jain, who is identified as a Company Secretary and Shareholder of The Hi-Tech Gears Ltd, against Happy Forgings Ltd & Anr (Respondents). The matter was presented in hybrid mode. Legal representation included Senior Advocate Mr. Abhinav Vasisth with a team of advocates for the appellant, and Dr. Rajansh Thukral with a team for Respondent-1. Mr. Deepak Thukral, the Interim Resolution Professional, was also present in person.
Final Outcome
The NCLAT bench, comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), could not take up the matter for hearing on October 5, 2026, due to paucity of time. The appeal was consequently adjourned and listed for hearing on October 7, 2026. No substantive hearing or decision on the merits of the case occurred during this proceeding.
Topics: NCLAT Proceedings, Corporate Insolvency, Adjournment