Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 06 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing four interconnected Company Appeals filed under the Insolvency and Bankruptcy Code. The Appellant in all four appeals is J.C. Flowers Asset Reconstruction Pvt. Ltd. The appeals are numbered 1005, 1006, 1007, and 1009 of 2026. The Respondents in each appeal are different individuals: Sandip Narendrakumar Patel & Anr. (1005/2026), Nilam Narendrakumar Patel & Anr. (1006/2026), Menka Sandipbhai Patel & Anr. (1007/2026), and Hiralal Nilambhai Patel & Anr. (1009/2026). The nature of the underlying dispute is not detailed in this specific order, which is a procedural update. The order was passed in a hybrid mode hearing.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, adjourned the hearing of all four appeals. The next date of hearing was fixed for 28th September 2026. The Tribunal also explicitly ordered that the interim order currently in operation shall continue to remain in force until the next date.
Topics: Asset Reconstruction, Legal Proceedings