Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1629 of 2024 along with I.A. No. 5947 and 5948 of 2024. The appellants are Chirag Mittal and other suspended directors of M/s Shree Ambika Impex Ltd. The respondent is Jainco Industries. The matter appears to be an appeal in an insolvency proceeding. Representation included Mr. Anish Gupta and Mr. Mudit Gupta, Advocates for the Resolution Professional, and Mr. S.P. Singh Chawla, Mr. Ashish Gupta, Mr. Harpreet Singh Malhotra, and Mr. Kartik Sharma, advocates for Respondent-1 (Jainco Industries). Appearance for the appellants was not marked.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), noted that no time was left for hearing. The appeal was consequently adjourned and listed for the next hearing on August 3, 2026. The order was passed in hybrid mode.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation