Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 29 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard multiple connected matters including Contempt Case (AT) No. 24 of 2025 and Company Appeals (AT) No. 322 & 323 of 2024, along with several interlocutory applications. The proceedings involve Delzad Aspy Karani as the appellant versus Hormuz Phiroze Aderianwalla and others as respondents. The tribunal had previously appointed M/s Price Waterhouse and Company LNT as valuers through an order dated 29 May 2026.
Final Outcome
The NCLAT deferred the hearing of the company appeals for a period of 3 weeks to await the valuation report from M/s Price Waterhouse and Company LNT. The valuer indicated that the submission of the report would require additional time due to the need to review voluminous records. The matter has been listed for next hearing on 16 November 2026.
Topics: Corporate Dispute, Valuation Process, Tribunal Proceedings