Case Note & Summary
The National Company Law Appellate Tribunal addressed applications for early hearing in two insolvency appeals filed by the Asset Reconstruction Company (India) against the IRPs of Xrbia Warai Developers Pvt. Ltd. and Xrbia North Hinjewadi Developers Pvt. Ltd. The applications sought to expedite the hearing of Company Appeal (AT) (Insolvency) Nos. 1536 and 1537 of 2025. Initially scheduled for 06.11.2026, the Tribunal noted a conflict with another matter listed at the same time and subsequently rescheduled the hearings to 19th November 2026 at 12:00 PM. The Tribunal also ordered that the interim order previously granted in the appeals would remain in effect until the new hearing date. The applications were disposed of accordingly, ensuring that the parties were informed of the new schedule. The decision reflects the Tribunal's commitment to managing its docket efficiently while ensuring that parties have their matters heard in a timely manner.
Headnote
A) Insolvency Law - Early Hearing - Request for expedited hearing of appeals - Companies Act, 2013 - The Tribunal considered the applications for early hearing of the appeals and rescheduled the hearing date to accommodate existing listings. The interim order previously granted was directed to continue until the next hearing date. Held that the appeals would be heard on the new date set (Paras 1-6).
Issue of Consideration
Request for early hearing of appeals in insolvency matters
Final Decision
The Tribunal rescheduled the hearing of the appeals to 19th November 2026 at 12:00 PM and directed that the interim order shall continue until the next date of hearing.
Law Points
- Insolvency proceedings
- early hearing
- interim orders
