Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 28, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Comp. App. (AT) (Ins.) No. 1895 of 2025 between Utsav Securities Ltd (Appellant) and Mahavir Industries Ltd & Others (Respondents). The appeal appears to be related to insolvency matters given the case numbering convention. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical). Representation included Ms. Shreya Jain appearing for Respondents 1 and 2, while the Appellant's appearance was not marked in the records.
Final Outcome
The tribunal noted that no time was left for hearing the matter on July 28, 2026. Consequently, the appeal was listed for next hearing on September 8, 2026. The order was passed in hybrid mode, indicating a combination of physical and virtual proceedings. No substantive hearing or decision on merits occurred during this session.
Topics: NCLAT Proceedings, Corporate Litigation, Insolvency Appeal