Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 06 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising a three-member bench with Justice Yogesh Khanna as Officiating Chairperson and Barun Mitra and Ajai Das Mehrotra as Technical Members, heard Company Appeal (AT) (Insolvency) No. 1176 & 1177 of 2025. The appeal was filed by BDO Restructuring Advisory LLP as the appellant against respondents Sharad Sanghi & Others. The proceedings were conducted in hybrid mode. Representation included Senior Advocate Mr. Krishnendu Datta with advocates Ms. Pooja Mahajan, Mr. Aishwarya Adlakha, and Mr. Yash Tandon for the appellant. For the respondents, Mr. Malak Bhatt and Ms. Samridhi represented R1, Senior Advocate Mr. Arun Kathpalia with advocates Mr. Anuj Tiwari, Mr. Shivendra Nath Mishra, Mr. Sameer Mishra, and Ms. Diksha Gupta represented R3, and Mr. Dhruv Dewan with Ms. Sanjukta Roy represented R2.
Final Outcome
The tribunal did not make any substantive ruling on the merits of the case but instead adjourned the proceedings. The matter was listed again for hearing on 17 September 2026 at 2:00 P.M. This is a procedural order that simply schedules the next hearing date without addressing the underlying dispute.
Topics: NCLAT Proceedings, Insolvency Appeal, Adjournment