Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 391 of 2025 involving Mahima Lifesciences Pvt. Ltd. as the appellant against Concept Biosciences India Pvt. Ltd. and Ajay Kumar Agarwal, the Interim Resolution Professional (IRP) of Concept Biosciences, as respondents. The appeal appears to relate to insolvency proceedings concerning Concept Biosciences India Pvt. Ltd. The matter was heard in hybrid mode with representation from both parties: Mr. Pulkit Deora and Mr. Himanshu Kohli, Advocates for the appellant, and Mr. Jaskaran S. Bhatia, Advocate for the IRP (Respondent).
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), did not pass any substantive order on the merits of the case. The order explicitly states "No time left" as the reason for adjournment. The appeal has been listed for the next hearing on August 18, 2026. No directions, penalties, or substantive rulings were issued in this order.
Topics: Insolvency Appeal, NCLAT Proceeding, Adjournment