Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 12, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi addressed Comp. App. (AT) (Ins) No. 1238 of 2019, an insolvency appeal between appellant Jayprakash Vyas and respondents Prabhat Steel Traders Pvt. Ltd. & Anr. Legal representation was present for both parties: Ms. Prachi Johri, Mr. Sachin Jain, and Mr. Himanshu Sharma for the appellant, and Mr. Ankur Singhal for respondent-1. The bench comprised Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Final Outcome
The tribunal adjourned the hearing due to lack of available time, listing the appeal for the next hearing on November 23, 2026. No substantive proceedings, arguments, or decisions on the merits of the case occurred during this hearing.
Topics: NCLAT Proceedings, Insolvency Appeal, Case Adjournment