Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1303 of 2026 along with I.A. No. 5076 of 2026. The appeal was filed by Urbtech Finvest Pvt. Ltd. (Appellant) against Hukum Chand Gupta Fabrics Pvt. Ltd. and Another (Respondents). The matter was heard in hybrid mode. Shri Gaurav Mitra, Learned Senior Counsel, appeared for the Appellant. While appearance for the Respondents was not marked on the record, Shri Shivam Mathur acknowledged receiving notice on behalf of Respondent No. 2.
The tribunal granted Respondent No. 2 two weeks' time to file a reply to the appeal, with an advance copy to be provided to the Appellant's counsel. The Appellant was granted the right to file a rejoinder within one week after receiving the reply. Notice was formally issued to Respondent No. 1, with directions for the Appellant to complete all necessary steps and pay the requisite fee within five working days from the order date.
Final Outcome
The appeal and the connected interlocutory application (I.A. No. 5076 of 2026) were listed for the next hearing on 18 August 2026. The order is procedural, setting the timeline for filing replies and scheduling the next date of hearing without adjudicating the merits of the case.
Topics: NCLAT Proceeding, Corporate Insolvency, Legal Procedure