Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 2356 of 2024 along with I.A. No. 8842 of 2024. The appeal involves ASREC (India) Ltd. as the appellant against respondents Lakhabhai Bhikabhai Vagh & Ors. The hearing was conducted in hybrid mode with representation from both parties: Ms. Anjali Sharma, Mr. S.K. Sagar, and Mr. Gaikhunanlung represented the appellant, while Mr. Sankalp Bhatt represented the respondents.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) did not issue any substantive ruling on the merits of the case. The order simply states "No time left" and lists the appeal for the next hearing on 13 August 2026. This is a procedural scheduling order that defers substantive consideration of the appeal to a future date.
Topics: NCLAT Proceedings, Insolvency Appeal, Case Scheduling