Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 12.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard arguments in an insolvency appeal, Comp. App. (AT) (Ins) No. 1324 of 2026, along with an interlocutory application (I.A. No. 5174 of 2026). The appellant is Keshav Kumar Nachani, and the respondents are Encore Asset Reconstruction Company Pvt. Ltd. (Respondent No. 1) and another unnamed party (Anr.). The legal counsel for the appellant was Mr. Manoj Munshi, Senior Advocate, assisted by Mr. Jatin Sehagal and Mr. Mayank Munshi, Advocates. The counsel for Respondent No. 1 was Mr. RP Agrawal, assisted by Ms. Reema Mishra, Advocate. The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), heard the arguments from both sides and concluded the hearing.
Final Outcome
The tribunal reserved its judgment. It permitted the learned counsel for both parties to file written submissions, limited to 3-4 pages, within three days from the order date (12.08.2026). The submissions were instructed to highlight specific legal precedences and relevant paragraphs, using Times New Roman font size 14.
Topics: Insolvency Appeal, NCLAT Proceeding