Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 3, 2026
Case Overview
This order pertains to an interlocutory application (I.A. No. 4506 of 2026) filed within a larger Company Appeal (AT) (Insolvency) No. 850 of 2026. The appeal involves a dispute between the appellant, Nishant Avinash Fadia, and the respondents, Raspalfa Services Private Limited & Anr. The matter was heard in hybrid mode. Legal counsel for both parties were present, with senior advocates Mr. Arun Kathpalia and Mr. Abhijeet Sinha leading the representation for the appellant, and Mr. Hasan Murtaza among others representing the respondents. Counsel for the Interim Resolution Professional (IRP) was also present.
The principal matter before the tribunal was a request from the counsel for Respondent No. 1 concerning the filing of procedural documents.
Final Outcome
The tribunal allowed the prayer of the counsel for Respondent No. 1, granting permission to file an affidavit in reply to the appeal. This affidavit must be filed before the next scheduled hearing date of July 9, 2026. The application was subsequently listed 'for orders' on that same date, July 9, 2026. The order was issued by the bench comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member (Technical)).
Topics: NCLAT, Insolvency Proceeding, Procedural Hearing