Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 8, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Company Appeal (AT) (Insolvency) No. 74 of 2026. The appellant is the National Highways Authority of India (NHAI), while the respondents are National Assets Reconstruction Company Ltd. (NARCL) and another party. The hearing was conducted in hybrid mode with legal representation present for all parties. Mr. Ritik Dwivedi and Ms. Dharitry Phookan represented the appellant NHAI. For the respondents, Ms. Smriti Churiwal, Mr. Jaiveer Kant, Ms. Vidisha Jain, Ms. Meher Thapar and Mr. Abhishek Periwal represented Respondent-2/RP, while Mr. Abhishek Anand, Ms. Aditi Sinha and Ms. Palak Kalra represented Respondent-1 (NARCL). The three-member bench consisted of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Final Outcome
The NCLAT bench adjourned the matter and listed the appeals for the next hearing on October 7, 2026. No substantive decisions or rulings on the merits of the insolvency appeal were made in this order, which served solely to schedule the next hearing date.
Topics: Insolvency Appeal, Infrastructure Dispute, Legal Adjournment