Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 16.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was scheduled to hear three interconnected Company Appeals related to the Corporate Insolvency Resolution Process (CIRP) of Kolon Investment Pvt. Ltd.
- The appeals are: Company Appeal (AT) (Insolvency) No. 1538 of 2025 (Pratik Bose vs. Sachin Dinkar Bhattbhatt, RP & Ors.), Company Appeal (AT) (Insolvency) No. 1540 of 2025 (Rajendra M. Thakkar (Ravasia) and Sons Pvt. Ltd. & Anr. vs. Sachin Dinkar Bhattbhatt, RP & Ors.), and Company Appeal (AT) (Insolvency) No. 1657 of 2025 (Sachin Dinkar Bhatt Bhatt, RP vs. Pratik Bose & Ors.).
- The appellant in the first appeal is Pratik Bose. The appellants in the second appeal are a corporate entity, Rajendra M. Thakkar (Ravasia) and Sons Pvt. Ltd., and another party. The appellant in the third appeal is the Resolution Professional (RP) for Kolon Investment Pvt. Ltd., Sachin Dinkar Bhattbhatt.
- Advocates were present for the Respondents (the RP and the Committee of Creditors) in the first two appeals. No advocates were present for the Appellants in any of the three appeals or for the Respondents in the third appeal during this hearing.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical), did not hear the matters on the merits. The order states that "Due to paucity of time, the matter could not be taken up." Consequently, all three appeals have been adjourned and are now listed for hearing on 30.11.2026.
Topics: Insolvency, NCLAT, Adjournment