Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15th September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Company Appeal (AT) (Insolvency) No. 1108 of 2026 along with three interlocutory applications (I.A. No. 4106, 4335 & 4724 of 2026). The appeal has been filed by Mehul Sedani, who identifies as the Successful Resolution Applicant (SRA) of Libra Fabric Designs Private Limited, against the Resolution Professional of Libra Fabric Designs Pvt. Ltd. and other respondents, including Truvisory Insolvency Professional Pvt. Ltd. The matter involves insolvency proceedings concerning Libra Fabric Designs Private Limited. The hearing was conducted in hybrid mode with representation from multiple legal counsel for both parties.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Barun Mitra, adjourned the matter and listed the appeal for next hearing on 24th September 2026. No substantive orders were passed on the merits of the case during this hearing.
Topics: Insolvency, Legal Proceeding