Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 30.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three connected appeals: Comp. App. (AT) (Ins) No. 1627 of 2026 (Mehul Girishbhai Desai vs. Ravi Kapoor, Liquidator of Accord Industries Ltd.), Comp. App. (AT) (Ins) No. 1628 of 2026 (Harish Jadhav vs. Ravi Kapoor, Liquidator of Accord Industries Ltd.), and Comp. App. (AT) (Ins) No. 1721 of 2026 (Chandrashekhar B. Panchal vs. Ravi Kapoor, Liquidator of Accord Industries Ltd.). All appellants were represented by Advocate Mr. Sahil Jayesh Rao. The sole respondent in all appeals is Mr. Ravi Kapoor in his capacity as the Liquidator of Accord Industries Ltd., represented by Proxy Counsel Mr. Neel Vasant on behalf of Mr. Tirth Nayak.
During the hearing, the respondent's counsel requested a reasonable time to file a formal reply to the appeals.
Final Outcome
The tribunal permitted the Liquidator to file a reply within two weeks from the order date (September 30, 2026). An advance copy of this reply must be provided to the appellants' counsel. The appellants were granted permission to file a rejoinder to this reply within ten days thereafter. The matter was listed for its next hearing on 06.11.2026.
Topics: NCLAT, Insolvency, Legal Procedure