Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 14th September, 2026
Case Overview
This document is a procedural order from the National Company Law Appellate Tribunal (NCLAT) concerning three interconnected Company Appeals related to the liquidation of Pratibha Industries Ltd.
The appeals are:
1. Company Appeal (AT) (Insolvency) No. 2323 of 2024: Filed by Manohar Datta Kulkarni & Ors. (Appellants) against Avil Menezes, the Liquidator of Pratibha Industries Ltd. (Respondent).
2. Company Appeal (AT) (Insolvency) No. 2332 of 2024: Filed by Ajit Kulkarni (Appellant) against Avil Menezes, the Liquidator of Pratibha Industries Ltd. (Respondent).
3. Company Appeal (AT) (Insolvency) No. 402 of 2025: A cross-appeal filed by Avil Menezes, the Liquidator of Pratibha Industries Ltd. (Appellant) against Ajit B. Kulkarni & Ors. (Respondents).
Advocates Mr. Ritesh Hegde and Mr. Aniruth Purusothaman represented the Kulkarni appellants across the appeals. Advocates Mr. J. Rajesh, Mr. Dhrupad Vaghani, Mr. Md. Arsalan Ahmed, Mr. Yashwardhan Aggarwal, Mr. Ali Abbas Masoodi, and Ms. Gaytri Mohite represented the Liquidator, Avil Menezes. The order was passed by a bench comprising Justice Sharad Kumar Sharma (Member-Judicial), Mr. Arun Baroka (Member-Technical), and Mr. Indevar Pandey (Member-Technical).
The order itself does not detail the specific allegations, disputes, or legal questions underlying these appeals. It is purely a listing order.
Final Outcome
The NCLAT bench adjourned the hearing for all three appeals. The matters are now listed to be heard next on 29th October, 2026. No substantive issues were decided, and no directions were issued in this order.
Topics: Insolvency Litigation, NCLAT Procedure, Corporate Liquidation