Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 549 of 2021 along with I.A. No. 1638 of 2021. The appeal was filed by Shalibadhra Exports Pvt. Ltd. against Nandkishor Vishnupant Deshpande in his capacity as the Resolution Professional for Royal Refinery Pvt. Ltd. and other respondents. The matter was heard in hybrid mode. Representing the appellant were advocates Mr. Harsh Singhal, Ms. Mugdha Avnish, and Mr. Utkarsh Singhal. The respondents were represented by advocates Mr. Kaustav Som and Mr. Arpit Lahoti for Respondent-1.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical) noted that there was "no time left" to hear the matter on the current date. Consequently, the appeal was adjourned and listed for hearing on 2 September 2026. No substantive hearing or decision on merits occurred in this order.
Topics: NCLAT Proceeding, Insolvency Appeal, Adjournment