Case Details
- Case Name: ASRMP & Co. & Ors. vs. National Financial Reporting Authority (NFRA) and Sundaresha & Associates vs. National Financial Reporting Authority (NFRA)
- Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
- Case Numbers: Comp. App. (AT) No. 92 of 2023 (with I.A. No. 2420, 2421 of 2023 & 4102 of 2025) and Comp. App (AT) No. 98 of 2023 (with I.A. No. 2516, 2517 of 2023 & 4098 of 2025)
- Order Date: May 25, 2026
Parties Involved
- Appellants:
- ASRMP & Co. & Ors. (in Comp. App. (AT) No. 92 of 2023)
- Sundaresha & Associates (in Comp. App (AT) No. 98 of 2023)
- Respondent: National Financial Reporting Authority (NFRA) in both appeals.
- Legal Counsel:
- For Appellants: Mr. Rishi Singhal & Mr. Reema Khanneotra, Advocates
- For Respondent: Mr. Zoheb Hossain & Mr. Satyam, Advocates
Final Ruling & Enforcement
The National Company Law Appellate Tribunal (NCLAT) passed a procedural order. The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), noted that there was 'no time left' to hear the matters on the scheduled date. Consequently, the Tribunal did not make any substantive rulings on the merits of the appeals. The final direction was to adjourn the hearings and relist both appeals for the next hearing on August 4, 2026. No other directions or enforcement orders were issued.
Note: This order is purely procedural and deals only with the scheduling of the appeals. The source text does not contain any information regarding the underlying issues, allegations, findings, penalties, or corrective actions related to the cases against NFRA. The substantive matters of the appeals remain pending and are scheduled to be heard on a future date.