Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15th September, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) issued a procedural order in Comp. App. (AT) (Ins) No. 721 of 2026. The appeal involves Omkara Assets Reconstruction Private Limited, represented through its authorized representative Naresh Makhija as the appellant, versus the Liquidator for Precision Fastners Ltd., Mr. Divyesh Desai, and another respondent. The hearing was conducted in hybrid mode with legal representation present for both parties: Mr. Abhishek Anand represented the appellant, while Mr. Tishampati Sen, Ms. Riddhi Sancheti, Mr. Anurag Anand, Mr. Mukul Kulhari, and Ms. Manya represented the first respondent. The bench consisted of Justice Yogesh Khanna (The Officiating Chairperson) and Barun Mitra (Member Technical).
Final Outcome
The tribunal ordered that the appeal be listed for hearing on 6th November, 2026. This represents a procedural scheduling order without substantive determination of the appeal's merits.
Topics: Insolvency Appeal, NCLAT Proceedings, Asset Reconstruction