Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 24 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising a three-member bench with Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical), has issued a procedural order in an insolvency appeal. The appeal, Comp. App. (AT) (Ins) No. 1108 of 2026, along with three Interlocutory Applications (I.A. No. 4106, 4335, and 4724 of 2026), was heard in hybrid mode.
The appellant is Mehul Sedani, who is the Successful Resolution Applicant (SRA) for Libra Fabric Designs Private Limited. The respondents are Truvisory Insolvency Professional Pvt. Ltd. (the Resolution Professional for Libra Fabric Designs Pvt. Ltd.) and others. The appeal arises from the Corporate Insolvency Resolution Process (CIRP) of Libra Fabric Designs Private Limited.
Representation in the matter included Mr. Prakhar Tandon, Advocate for the Appellant. For the Respondents, Mr. Milan Singh Negi and Ms. Katyayani represented Respondent 1 (Truvisory Insolvency Professional), Mr. Nikhil Kumar Jha represented Respondent 3, and Mr. Dinkar Singh and Mr. Rohit Singh represented Respondent 2.
The order is purely procedural and does not delve into the merits of the appeal or the underlying dispute. The tribunal's consideration was limited to scheduling the next hearing date.
Final Outcome
The NCLAT bench ordered that the appeal be listed for hearing on 15 September 2026. No substantive decisions on the appeal's merits were made in this order.
Topics: Insolvency Appeal, NCLAT Procedure