Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: October 8, 2026
Case Overview
This order pertains to a cluster of appeals (Company Appeal (AT) (Ins.) No. 1759, 1760, and 1761 of 2026) and an interlocutory application (I.A. No.6838 of 2026). The appeals arise from insolvency proceedings, with the main parties being the Appellant, Nandkumar Khattumal Harchandani, and the Respondent, Incorp Restructuring Services LLP & Ors. The Committee of Creditors (CoC), represented by Omkara Assets Reconstruction Pvt. Ltd., is a central party to the proceedings. A previous order from the Tribunal, dated September 29, 2026, had directed the arraying of the CoC as a party in the application.
During the hearing, the CoC's counsel stated he was unaware if this earlier order had been complied with. Counsel for the Appellant then produced a hard copy of I.A. No.6838 of 2026 to demonstrate compliance, showing that Omkara Assets Reconstruction Pvt. Ltd. had been formally impleaded as Respondent No. 4 and that an Amended Memo of Parties had been filed. The Tribunal accepted this hard copy for its records.
Final Outcome
The Tribunal acknowledged that the CoC had been properly arrayed as a respondent. Consequently, it adjourned the hearing of the application to the next day, October 9, 2026. This adjournment was granted to provide the CoC an opportunity to file its response to the application, should it wish to do so. The matter remains pending.
Topics: Insolvency Appeal, NCLAT Procedure, Committee of Creditors