Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 11 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench has issued a procedural order in an appeal filed by Omkara Asset Reconstruction Company Ltd. The appellant is challenging a decision or order related to respondents Avenue 54 Welfare Association & Others. The appeal is registered as Comp. App. (AT) (Ins.) No. 1409 of 2026. An associated Interim Application numbered I.A. No. 5474 of 2026 is also part of the proceedings. The legal representation includes Mr. Karan Bharike and Mr. Abhishek Kr. Gupta as advocates for the appellant, Omkara ARC. For the first respondent (R1), Avenue 54 Welfare Association, advocates Mr. Kinnar Shah and Mr. Rhythm Buaria are on record.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Technical Members Barun Mitra and Ajai Das Mehrotra, directed the listing of both the appeal and the interim application for the next hearing on 19 August 2026. This is a scheduling order that advances the proceedings to the next date without making any substantive decisions on the merits of the case.
Topics: NCLAT Proceedings, Asset Reconstruction, Insolvency Appeal