Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 17 September 2026
Case Overview
This is an appeal (Comp. App. (AT) (Ins) No. 1624 of 2026) filed by Mr. Harish Taneja, an Insolvency Professional, against an order issued by the Insolvency and Bankruptcy Board of India (IBBI). The matter was heard in hybrid mode. The appellant, Mr. Taneja, was represented by a legal team led by Mr. Abhishek Anand and was also present in person. The respondent, IBBI, was represented by advocates Mr. Sahil Monga and Mr. Arjun Tyagi. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical). As of the hearing on 17 September 2026, all oral submissions from the IBBI and the rebuttal submissions from the appellant were complete.
Final Outcome
The Appellate Tribunal has reserved its order for a future date. The bench has granted permission for the parties to file concise written submissions, not exceeding 3-4 pages (in Times New Roman, font size 14) along with relevant citations, within three days from the order date. Crucially, the timeline specified in paragraph 3.3 of the impugned IBBI order for its enforcement has been extended and will now stay suspended until the NCLAT pronounces its final order in this appeal.
Topics: Insolvency Regulation, NCLAT Appeal