Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 23, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1283 of 2026 involving Om Drishian International Ltd. as the appellant. The tribunal noted that all parties to the appeal were present either as appellants or respondents. The appeal was connected with three other related insolvency appeals: CA (AT) (Ins) No. 1288 of 2026, CA (AT) (Ins) No. 1294 of 2026, and CA (AT) (Ins) No. 1306 of 2026. The hearing was conducted in hybrid mode with legal representation from both sides. For the appellant, Mr. Sumant Batra, Senior Advocate, appeared with a team of advocates. For the respondents, Mr. Gaurav Mitra, Senior Advocate, represented Respondent-3, and advocates appeared for the Resolution Professional along with the RP in person.
Final Outcome
The tribunal adjourned the hearing to July 28, 2026, under the same caption, as a pass over was sought on behalf of the Authorized Representative for Allottees since their counsel was not available. The matter remains pending for further hearing.
Topics: Insolvency Appeal, NCLAT Proceeding, Legal Adjournment