Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 14, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1980 of 2026, an appeal filed by Kumar Abhijeet Sahoo, the Suspended Director of Nilachakra Metal Processors Pvt. Ltd., against Soubhagya Minerals and another respondent. The appeal relates to corporate insolvency proceedings involving Nilachakra Metal Processors Pvt. Ltd. The appellant was represented by Senior Counsel Mr. Krishnendu Datta along with other advocates, while the second respondent (Interim Resolution Professional) was represented by Mr. Subham Agrawal.
Final Outcome
The Tribunal granted an adjournment at the request of the appellant's Learned Senior Counsel. The appeal hearing was rescheduled from October 14, 2026, to October 15, 2026, and will be listed under the same caption. The order was passed in hybrid mode by a bench consisting of Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical).
Topics: Insolvency Appeal, Corporate Law, Adjournment