Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 13.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an appeal filed by Ravikumar Guarishankar Patel (through authorized attorney Sumit Rajnikant Mehta) against Gajesh Labhchand Jain, the Liquidator of Talwalkars Better Value Fitness Ltd. The appeal concerns insolvency proceedings related to Talwalkars Better Value Fitness Ltd. The hearing was conducted in hybrid mode with legal representation from both parties. Mr. Abhijeet Sinha, Senior Advocate, represented the appellant along with several other advocates. Mr. Ramakant Rai represented the respondent along with other advocates. The bench consisted of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Final Outcome
The NCLAT reserved its order after hearing arguments from both parties. The final ruling and its practical consequences for the parties involved will be determined when the reserved order is pronounced.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Liquidation