NCLAT Adjourns Rare ARC Insolvency Appeals to October

Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 08.09.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard two interconnected Company Appeals (AT) (Insolvency) matters:

• Company Appeal (AT) (Insolvency) No. 115 of 2026: Filed by Mukundkumar Dahyabhai Patel & Others (Appellants) against Rare Asset Reconstruction Ltd. (Respondent). The Appellants were represented by advocates Mr. Malak Bhatt and Ms. Somya Saxena.

• Company Appeal (AT) (Insolvency) No. 154 of 2026: Filed by Rohitkumar Takhatsinh Songara & Another (Appellants) against Rare Asset Reconstruction Ltd. (Respondent). No legal representation was present for the Appellants during this hearing.

The Respondent, Rare Asset Reconstruction Ltd., was represented by advocate Mr. Anmol Bansal in both appeals. The order does not disclose the specific nature of the insolvency dispute or the underlying facts of the case.

Final Outcome

The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Mr. Barun Mitra and Mr. Ajai Das Mehrotra, adjourned both appeals to the next hearing date of 09.10.2026. The tribunal explicitly ordered that the existing interim order shall continue to remain in effect until the next hearing. The order was passed in hybrid mode.

Topics: Insolvency Proceedings, Legal Adjournment