Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 21st July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard a procedural matter in Company Appeal (AT) (Insolvency) No. 721 of 2026. The appellant is Omkara Assets Reconstruction Private Limited, represented through its authorized representative Naresh Makhija. The respondents are the Liquidator for Precision Fastners Ltd., Mr. Divyesh Desai, and another unnamed respondent. The appeal arises from insolvency proceedings concerning the corporate debtor Precision Fasteners Ltd. under the Insolvency and Bankruptcy Code, 2016.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, issued a procedural order listing the appeal for the next hearing on 15th September 2026. The tribunal directed that any interim order previously granted in the matter shall continue to remain in effect until the next date of hearing. The order was passed in hybrid mode.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Debtor