Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 18th August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench 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. & Anr. (Respondents). The hearing was conducted in hybrid mode with legal representation from both sides: Mr. Kunal Godwani, Mr. Devisi Bhulwalkar, and Mr. Ankur Anand appeared for the Appellant, while Mr. Shivam Gautam represented Respondent-2/RP, and Mr. Ashish Upadhayay, Mr. Siddharth Kaushik, and Mr. Nipun Bhusha represented Respondent-1.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) noted that no time was left for the hearing. The appeal was consequently adjourned and listed for next hearing on 28th September 2026.
Topics: NCLAT Proceedings, Insolvency Appeal, Corporate Litigation