Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 10 July 2026
Case Overview
The National Company Law Appellate Tribunal heard Company Appeal (AT) (Ins) No. 1053 of 2026 filed by Om Heritage Spring Reality Pvt. Ltd. as appellant against Vinodkumar P. Ambavat, the Resolution Professional of Actif Corporation Ltd. as respondent. The appeal was presented before a bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical). Ms. Eshna Kumar represented the appellant as advocate. The tribunal noted that the Resolution Professional (Respondent No. 1) had already been replaced and permitted the appellant to amend the memo of parties accordingly.
Final Outcome
The tribunal issued notice to the respondents through speed post and email. The appellant was directed to complete all necessary steps along with process fee submission within three working days from 10 July 2026. The appellant was specifically permitted to file an amended memo of parties within two days before serving the respondents, particularly to implead the newly appointed Resolution Professional. The case was listed for next hearing on 30 July 2026.
Topics: NCLAT Proceeding, Corporate Insolvency, Resolution Professional