Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 15th September, 2026
Case Overview
This is an interim order for I.A. No. 5856 of 2026 in Company Appeal (AT) (Insolvency) No. 1262 of 2026. The applicant is Sonal Sumit Mehta, represented through her representative, Vikas Jain, who 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, and another unnamed respondent. The matter was heard in hybrid mode by a bench consisting of Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member (Technical)).
Final Outcome
The Tribunal did not make any substantive ruling on the application. The sole direction issued was to list the application again for hearing on 17th September, 2026, in the supplementary list. This is a procedural adjournment.
Topics: Insolvency, NCLAT, Corporate Resolution