Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 02 July 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) was hearing two connected company appeals related to corporate insolvency processes.

  • Company Appeal (AT) (Insolvency) No. 1106 of 2026 & I.A. No. 4329 of 2026: This appeal was filed by Mehul Sedani, the Successful Resolution Applicant (SRA) for Manav Greys Exim Private Limited. The respondents in this appeal are Purusottam Behera (the Resolution Professional for Manav Grey's Exim Pvt. Ltd.) and Others.
  • Company Appeal (AT) (Insolvency) No. 1108 of 2026 & I.A. No. 4106, 4335 of 2026: This appeal was also filed by Mehul Sedani, the Successful Resolution Applicant (SRA) for Libra Fabric Designs Private Limited. The respondents in this appeal are Truvisory Insolvency Professional Pvt. Ltd. (the Resolution Professional for Libra Fabric Designs Pvt. Ltd.) and Others, including a liquidator (R-3).

The legal representation for the appellant (Mehul Sedani) in both matters was Advocate Ms. Anjali Maurya. The respondents were represented by various advocates, including Mr. Bhupendra Dave for the Resolution Professional in the first appeal, and Mr. Dinkar Singh, Mr. Rohit Singh, Mr. Milan Singh Negi, Ms. Katyayani, Mr. Utkarsh, and Mr. Nikhil Kumar Jah in the second appeal.

The hearing was conducted in hybrid mode. The substantive matters of the appeals were not heard. The counsel for the appellant prayed for an adjournment.

Final Outcome

The bench, comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member (Technical)), granted the adjournment. Both appeals have been adjourned to 06th August, 2026 for the next hearing.

Topics: Insolvency Appeal, NCLAT, Adjournment