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 appeals related to insolvency proceedings involving Intarvo Technologies Pvt. Ltd. Company Appeal (AT) (Ins.) No. 1247 of 2025 was filed by Intarvo Technologies Pvt. Ltd. against Vivek Jairath & Anr., while Company Appeal (AT) (Ins.) No. 1277 of 2025 was filed by Sonoma Management Partners Pvt. Ltd. against Intarvo Technologies Pvt. Ltd. & Ors.
All respondents in both appeals submitted that there was no exigency requiring them to file replies and agreed to argue the appeals based on material already on record. The Tribunal heard arguments from all parties, including Shri Krishnendu Datta (senior counsel for Intarvo Technologies), Shri Milan Singh Negi (counsel for Sonoma Management Partners), Shri Vipin Garg (counsel for Vivek Jairath), and Shri Suraj Sharma (counsel for the Resolution Professional).
During proceedings, Shri Vipin Garg appearing for Respondent Vivek Jairath stated that since his client's claim is being considered by the Successful Resolution Applicant (SRA), they have no objection if the appeal is allowed. Similarly, Shri Suraj Sharma representing the Resolution Professional also stated he has no objection if the appeal is allowed.
Final Outcome
The NCLAT reserved judgment on both appeals. The Tribunal directed that learned counsel for the parties may file written submissions not exceeding 3-4 pages within 7 days from the order date. Additionally, the Tribunal directed the learned counsel for the Resolution Professional to bring on record the status of the Corporate Debtor as reflected in the records of the Registrar of Companies (ROC). The Appellant (Intarvo Technologies) was directed to file an affidavit along with written submissions clearly disclosing all creditors and the outstanding amounts against them.
Topics: Insolvency Proceedings, NCLAT Appeal, Corporate Debtor