Court/Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order No. and Date: Order dated 27.05.2026
Period of Violation/Dispute: Not specified in the order.
Parties Involved
Petitioner/Appellant: Nishant Avinash Fadia
Respondents: Raspalfa Services Private Limited (a private company), and another respondent not named (Anr.).
Legal Representatives: For Appellant - Mr. Arun Kathpalia, Senior Advocate; Mr. Abhijeet Sinha, Senior Advocate; with Mr. Anoop Rawat, Mr. Malak Bhatt, Mr. Siddhant Kant, Ms. Moulshree Shukla, Ms. Gayathri Balasubramanian, Mr. Shreyash Chopra, Ms. Heena Kochar, Advocates. For Respondents - Mr. Akash Ringe, Mr. Hasan Murtaza, Mr. Sameer Sharma, Mr. Ankit Kr. Sinha, Advocates.
Issues / Allegations / Violations
The order does not detail the specific issues, allegations, or violations related to the insolvency appeal. It pertains to an interlocutory application (I.A. No. 3835/2026) within the appeal.
Findings & Observations
The Tribunal noted that the respondent's counsel brought to notice an order from the Hon'ble Supreme Court dated 25.05.2026 in Civil Appeal No.7946 of 2026.
Based on this, the I.A. was not pressed by the respondent and was dismissed as not pressed.
Penalties / Settlements / Directions
No penalties or settlements are mentioned in this order.
Directions: The respondent prayed for three weeks to file a reply to the appeal, but the Tribunal allowed two weeks for filing the rejoinder.
The appeal is listed for hearing on 09.07.2026.
Corrective Actions & Future Obligations
Not specified in this order.
Final Ruling & Enforcement
The I.A. is dismissed as not pressed.
The main appeal (Company Appeal (AT) (Insolvency) No. 850 of 2026) is to be heard on 09.07.2026.
