Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 15, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 1733 of 2026 along with I.A. No. 6583 of 2026. The appeal was filed by Ritesh Prakash Adatiya (Appellant) against the Insolvency and Bankruptcy Board of India (Respondent). The matter was heard in hybrid mode. Shri Abhijeet Sinha, Learned Senior Counsel, appeared for the Appellant along with Ms. Charu Bansal as Advocates. Mr. Akshit Chaudhary and Mr. Rahul Dubey appeared as Advocates for the Respondent IBBI.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) issued formal notice to the Respondent (IBBI). The court directed that steps for service of notice be completed within 24 hours. The matter was listed for next hearing on September 24, 2026, under the same caption.
Topics: NCLAT Proceeding, Insolvency Appeal, Regulatory Matter