Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 17 September 2026
Case Overview
This order pertains to Interim Application No. 5856 of 2026 filed within Company Appeal (AT) (Ins) No. 1262 of 2026. The appellant is Sonal Sumit Mehta, who is represented through her representative Vikas Jain. Ms. Mehta is identified as the Successful Resolution Applicant in the Corporate Insolvency Resolution Process (CIRP) of Krystal Stone Exports Limited. The respondents are Chirag R. Shah, in his capacity as the Chairman of the Monitoring Committee constituted pursuant to the approval of the resolution plan for the company, and another respondent.
The matter was heard in hybrid mode. Senior Advocate Mr. Ramji Srinivasan, along with advocates Mr. Abhishek Naik, Ms. Gulafsha, and Ms. Harshita Chaturvedi, appeared for the appellant. For the respondents (specifically for the Committee of Creditors - CoC), advocates Mr. Abhishek Anand, Mr. Karan Kohli, Ms. Palak Kalra, and Ms. Ridhima Mehrotra were present.
The bench, comprising Officiating Chairperson Justice Yogesh Khanna and members Barun Mitra (Technical) and Ajai Das Mehrotra (Technical), noted that there was no time left to hear the application on the scheduled date.
Final Outcome
The National Company Law Appellate Tribunal (NCLAT) adjourned the hearing of the interim application. It directed the matter to be listed next on 21 September 2026 in the supplementary list. No substantive orders were passed on the merits of the case, and the matter remains pending for hearing on the adjourned date.
Topics: Insolvency Appeal, Hearing Adjournment, Resolution Applicant