Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: July 3, 2026
Case Overview
This is an interim order in Company Appeal (AT) (Ins) No. 1041 of 2026. The appeal has been filed by Praveen Satpal Jain (Appellant) against Pavitra Commercials Ltd. and Others (Respondents). The nature of the underlying dispute is not detailed in this procedural order, but it is connected to a Corporate Insolvency Resolution Process (CIRP) concerning the corporate debtor, Pavitra Commercials Ltd.
The tribunal, comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member (Technical)), heard the matter in hybrid mode. Counsel Mr. Abhishek Anand and Mr. Ranjit Shetty appeared for the Appellant. Counsel Mr. Nakul Mohta, Ms. Sneha Menon, Mr. Sachin, and Ms. Saijal Arora appeared for Respondent-1 (Pavitra Commercials Ltd.), and Mr. Lovkesh Batra appeared for Respondent-2.
The principal purpose of this hearing was the admission of the appeal and the issuance of procedural directions for the filing of pleadings.
Final Outcome
The NCLAT admitted the appeal and issued formal notice to the respondents. The tribunal directed the respondents to file their reply to the appeal within three weeks from the order date (July 3, 2026). The appellant is permitted to file a rejoinder to the reply, if any, within two weeks after the reply is filed. Crucially, the tribunal ordered that "any action taken in Corporate Insolvency Resolution Process shall abide by result of the Appeal." The appeal has been listed for its next hearing on August 12, 2026.
Topics: Insolvency Appeal, NCLAT Proceeding