Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected company appeals (Company Appeal (AT) (Ins.) No. 1247 of 2025 and Company Appeal (AT) (Ins.) No. 1277 of 2025) related to insolvency proceedings involving Intarvo Technologies Pvt. Ltd. The appeals were filed by Intarvo Technologies Pvt. Ltd. (Appellant in 1247/2025) and Sonoma Management Partners Pvt. Ltd. (Appellant in 1277/2025) against respondents including Vivek Jairath and a Resolution Professional. All respondents stated there was no exigency to file replies and agreed to argue the appeals based on existing records. The Tribunal heard final arguments from all parties including senior counsel representing the appellants and respondents.
Final Outcome
The Tribunal reserved judgment in both appeals. Respondents Vivek Jairath (through counsel Mr. Vipin Garg) and the Resolution Professional (through counsel Mr. Suraj Sharma) stated they had no objection to allowing the appeal as claims were being considered by the Successful Resolution Applicant (SRA). The Tribunal directed the Resolution Professional to bring on record the status of the Corporate Debtor as reflected in ROC records, and directed the appellant to file an affidavit disclosing all creditors and outstanding amounts against them. Written submissions not exceeding 3-4 pages were permitted to be filed within 7 days.
Topics: Insolvency Proceedings, NCLAT Judgment, Corporate Debtor Status