Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Company Appeal (AT) (Ins.) No. 351 of 2025 along with Interlocutory Applications I.A. No. 3064 of 2025 and 536 of 2026. The appeal involves Ashutosh Majumdar as the appellant against Omkara Asset Reconstruction Pvt. Ltd. & Anr. as respondents. The matter concerns insolvency proceedings, though the specific nature of the dispute is not detailed in this procedural order. Multiple legal representatives appeared for both parties: For the appellant, Mr. Abhijeet Sinha with several advocates and Mr. Gaurav Mitra, Senior Advocates; for the respondents, Mr. Sanjeev Sen, Senior Advocate with multiple advocates, and specifically Mr. Ankit Virmani, Mr. Krishan Tewary, and Ms. Devanshi S. Advocates for Respondent-1.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson) and Mr. Ajai Das Mehrotra (Member Technical) directed that the appeal be listed for further arguments on 30 July 2026 at 02:00 PM. The existing interim order was directed to continue until the next hearing. Additionally, learned counsels for both parties were instructed to file written submissions not exceeding three pages each, along with any relevant judgments they wish to rely upon.
Topics: Insolvency Appeal, Interim Relief, NCLAT Proceedings