Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three interconnected appeals related to the corporate insolvency resolution process of Natural Life Speciality Pvt. Ltd. The appeals are Comp. App. (AT) (Ins) No. 1364 of 2025 (filed by Natural Life Speciality Pvt. Ltd.), Comp. App. (AT) (Ins) No. 1365 of 2025 (filed by Samyukha Bokha), and Comp. App. (AT) (Ins) No. 1366 of 2025 (filed by Dr. C.K. Nandagopalan). All three appeals are against Prashant Jain (the Resolution Professional) and other respondents. The appellants were represented by senior advocates Ms. Meenakshi Arora (for Natural Life) and Mr. Vikram Paoseria (for Samyukha Bokha and Dr. Nandagopalan), while the Resolution Professional was represented by Ms. Mily Ghoshal.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) adjourned all three appeals to August 20, 2026, citing "no time left" for hearing on the current date. The tribunal ordered that the existing interim order shall continue to remain in effect until the next hearing date.
Topics: Insolvency Appeals, NCLAT Proceedings, Corporate Resolution Process