Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Company Appeal (AT) (Insolvency) No. 840 of 2026 along with Interlocutory Application No. 3239 of 2026. The appeal involves RK Bharani as the Appellant versus Reshma Mittal, the Liquidator of Corporate Debtor Sharma Kalypso Pvt. Ltd., as the Respondent. The matter was represented by Mr. R. K. Bhaarani, Advocate for the Appellant and Mr. Rajdeep Sarag, Advocate for the Respondent (Resolution Professional).
The tribunal, comprising Justice Yogesh Khanna (The Officiating Chairperson) and Member (Technical) Ajai Das Mehrotra, issued a procedural order regarding the Interlocutory Application. The primary action taken was to direct the Registry to submit a detailed report in tabular format specifying the dates on which defects were notified and the dates on which these defects were subsequently removed. The Registry was given a two-week deadline to complete this report.
Final Outcome
The NCLAT adjourned the hearing of the main appeal and listed the matter for next hearing on 02 September 2026. The final ruling on the substantive issues of the appeal remains pending until the next hearing date.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Liquidation