Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 19.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued a procedural order in Company Appeal (AT) (Insolvency) No. 868 of 2023. The appeal involves J.C. Flowers Asset Reconstruction Pvt. Ltd. as the Appellant challenging actions or decisions related to Hemant Mehta in his capacity as the Liquidator for Pan India Utilities Distribution Co. Ltd. (in liquidation). The order also covers Interlocutory Application I.A. No. 2950 of 2023, which is likely a related interim application filed in the appeal proceedings.
Legal representation includes Mr. Abhishek Anand, Mr. Karan Kohli, and Ms. Ridhima Mehrotra as advocates for the Appellant, and Ms. Anjali Sharma, Mr. S.K. Sagar, Ms. Ragini Vinaik, Ms. Thanglunkim, and Mr. Devarajan Raman as advocates for the Respondent.
The three-member bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) issued the order in hybrid mode.
Final Outcome
The NCLAT has scheduled the next hearing for both the main appeal (Company Appeal (AT) (Insolvency) No. 868 of 2023) and the interlocutory application (I.A. No. 2950 of 2023) for October 1, 2026. This is a procedural order that merely adjourns the matter to a future date without addressing the substantive merits of the appeal.
Topics: NCLAT Proceedings, Insolvency Appeal, Liquidator Dispute