Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 01 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued a procedural order in Company Appeal (AT) (Insolvency) No. 1585 of 2025. The appeal involves Prudent ARC Ltd as the appellant and Karan Automotives Pvt Ltd as the respondent. The matter was represented by advocates Mr. Sumeet Raj for the appellant and Mr. Rishabh Arora with Mr. Ayush Sahni for the respondent. The order was passed by a three-member bench consisting of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
The Tribunal ordered that the appeal be listed for hearing on 30 October 2026. This is a scheduling order that does not address the substantive merits of the case but simply sets the next hearing date.
Topics: Insolvency Appeal, NCLAT Proceeding, Asset Reconstruction