Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 28, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 1303 of 2026 along with I.A. No. 5076 of 2026. The appeal involves Urbtech Finvest Pvt. Ltd. as the appellant against Hukum Chand Gupta Fabrics Pvt. Ltd. and another respondent. Multiple advocates represented both parties: Mr. Kunal Godhwani, Mr. Devisi Bhulalka, and Mr. Ankur Anand appeared for the appellant, while Mr. Shivam Gautam, Mr. Ashish Upadhayay, Mr. Vasu Bhushan, Mr. Siddharth Kaushik, and Mr. Nipun Bhushan represented the first respondent.
The hearing was conducted in hybrid mode before a bench consisting of Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical). The tribunal noted that there was "no time left" to hear the matter substantively.
Final Outcome
The NCLAT adjourned the appeal and listed it for the next hearing on October 26, 2026. No substantive rulings, decisions, or observations on the merits of the case were made in this order. The matter remains pending before the tribunal.
Topics: NCLAT Proceedings, Corporate Insolvency, Adjournment