Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an appeal filed by Rajesh Harikishan Khandelwal, representing the suspended management of MIM Petro World Private Limited, against Jay Ambe Industries (proprietor through its authorized person Rajeshkumar Harkishandas Khemani) and another respondent. The appeal is registered as Comp. App. (AT) (Ins) No. 1700 of 2026. Senior Advocate Mr. Abhijeet Sinha represented the appellant during the hearing, while the respondents' appearance was not marked on the record.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) issued formal notice to both respondents (Respondent Nos. 1 & 2). The notice is to be served through hand delivery as well as speed post or any other permissible mode of service. The appellant was directed to complete all necessary steps for service of notice within 24 hours. The matter has been adjourned and listed for next hearing on September 25, 2026, under the same caption.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Litigation