Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 16th July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Yogesh Khanna (The Officiating Chairperson) and Barun Mitra (Member (Technical)), has listed an appeal for hearing. The appeal, registered as Comp. App. (AT) (Ins) No. 1262 of 2026, has been filed by Sonal Sumit Mehta, who is acting through her representative, Vikas Jain. The appellant is identified as the Successful Resolution Applicant in the Corporate Insolvency Resolution Process (CIRP) of Krystal Stone Exports Limited. The respondents in the case are Chirag R. Shah, in his capacity as the Chairman of the Monitoring Committee constituted pursuant to the approval of the Resolution Plan, and another respondent.
The order is procedural and does not detail the specific grounds of the appeal or the nature of the dispute between the Successful Resolution Applicant and the Monitoring Committee. The background of the dispute and the principal allegations are not elaborated upon in this specific order, which serves only to schedule the hearing.
Final Outcome
The final outcome of the appeal is pending. The tribunal's order directs the matter to be listed for hearing on the next day, 17th July 2026. No substantive ruling, penalties, or directions were issued in this order.
Topics: Insolvency Appeal, NCLAT Proceeding