Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 13.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1139 of 2026 along with I.A. No. 4426 of 2026. The appeal was filed by Anshul Gupta (Appellant) against the Insolvency and Bankruptcy Board of India (IBBI) (Respondent). The hearing specifically concerned the issuance of an interim order. The tribunal heard arguments from learned counsel for both parties. For the Appellant, representation was provided by Utkarsh Advocates, with Mr. Krishnendu Datta and Mr. Gaurav Mitra, Senior Advocates, along with Mr. Milan Singh Negi, Mr. Nikhil Kumar Jha, Ms. Katyayani, and Mr. [unspecified]. For the Respondent IBBI, representation was provided by Mr. Naveen Pahwa, Senior Advocate, with Mr. Ashish Verma, Mr. Nikhil Thakur, and Ms. Kriti, Advocates.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), reserved its order on the interim relief. The tribunal permitted the parties to file written submissions, limited to 2-3 pages, within two days from the order date (13.08.2026). The existing interim order was directed to remain in operation until the pronouncement of the final order.
Topics: NCLAT Proceeding, Interim Order, IBBI Appeal