Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 18, 2026
Case Overview
The appeal (Comp. App. (AT) (Ins) No. 1495 of 2026) has been filed by Rohit Ramesh Mehra against the Insolvency and Bankruptcy Board of India (IBBI) and Others. The matter concerns an impugned order passed by the IBBI against the appellant in his capacity as a Resolution Professional (RP). The IBBI's counsel informed the tribunal that there is another matter regarding the same group of companies where an RP has been penalized by IBBI, which is currently listed before Bench No. 1. The IBBI requested that this appeal also be listed before the same bench for convenience and propriety. The appellant's counsel objected to this request, arguing that the case should be disposed of independently and referenced a previous order in Comp. App. (AT) (Ins.) No. 1266 of 2026 where an order for cancellation of license was kept in abeyance for assignments other than CD-1 to 12. The tribunal noted that the impugned order in this case, passed on August 6, 2026, includes a clarification in paragraph 5.2 that it shall come into force after 30 days from its issuance, meaning it is automatically in abeyance until September 6, 2026.
Final Outcome
The NCLAT directed that the appeal be listed for hearing on August 19, 2026, before Bench No. 1 under the same caption. The registry was instructed to obtain any necessary order from the Hon'ble Chairperson for this listing. The impugned order of cancellation remains in abeyance until September 6, 2026.
Topics: Insolvency Regulation, License Cancellation, NCLAT Proceeding