Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1642 of 2026, an appeal filed by Uniexcel Ltd (Appellant) against Ajit Kumar Gupta & Anr. (Respondents). The tribunal, comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical), found that the matter requires consideration after hearing arguments from Shri Vivek Sood, Senior Counsel appearing for the appellant.
Final Outcome
The NCLAT issued formal notice to all respondents. Respondent No. 1 (Ajit Kumar Gupta), represented by Shri Abhishek Anand and Shri Mohit Nandwani, was granted two weeks' time to file their reply, with an advance copy to be provided to the appellant's counsel. The appellant was granted one additional week thereafter to file a rejoinder if desired. Notice was also issued to the other respondents, with directions for requisite steps to be taken within three working days. The case has been listed for the next hearing on 09 October 2026 under the caption "After Notice."
Topics: NCLAT Proceeding, Corporate Legal Dispute, Insolvency Appeal