Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 25th August 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) in case number CA (AT) (Ins) No. 1393 of 2026. The appellant is Astral Buildcon Pvt. Ltd. The respondents are Pramod Kumar Sharma, the Resolution Professional (RP), and the corporate debtor, International Recreation & Amusement Ltd. The order is a procedural hearing to manage the appeal process. The nature of the underlying dispute or the specific grounds of the appeal filed by Astral Buildcon against the Resolution Professional are not detailed in this procedural order.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), found that the matter requires consideration and admitted it. The Tribunal granted the Resolution Professional two weeks' time to file a reply to the appeal. The appellant, Astral Buildcon Pvt. Ltd., is granted one week after receiving the RP's reply to file a rejoinder, if they so wish. The case is now listed for its next hearing for 'Admission (After notice)' on 21st September 2026. The order does not contain any findings on the merits of the case, penalties, or final rulings, as it is purely a procedural directive to advance the appeal.
Topics: NCLAT, Insolvency Appeal, Procedural Order