Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08.10.2026
Case Overview
This order pertains to Company Appeal (AT) (Ins.) No. 1844 of 2026. The appellant is Manoj Kumar Agarwal, and the respondents are IL & FS Financial Services Ltd. and another. The appeal arises from insolvency proceedings. A previous order was passed on 28.09.2026 to hear the appeal finally, but the Resolution Professional (RP) was not present on that date. In the current hearing, the RP was represented by Ms. Rashmi Roy, Advocate, who agreed for the appeal to be heard finally. The appellant was represented by learned senior counsel Shri Arun Kathpalia. The Financial Creditor (Respondent-1) was represented by Ms. Aishwarya Gupta, learned counsel. Arguments from all parties were concluded during this hearing.
Final Outcome
The two-member bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), reserved its judgment. The court granted learned counsel for the parties 7 days from the order date (08.10.2026) to file written submissions, if they so wish. These submissions were restricted to a maximum of 3-4 pages and were required to highlight specific paragraphs of any judgments relied upon, using Times New Roman font, size 14.
Topics: Insolvency, Legal Proceedings