# In the matter of Alchemist Asset Reconstruction Company Ltd. vs. ASC Insolvency Services LLP & Ors.

> NCLAT judgment dated 2025-03-26. Citation: TCN-2025-NCLAT-00386. The case is an appeal before the National Company Law Appellate Tribunal (NCLAT) regarding an…

- **Court:** NCLAT
- **Order date:** 26 Mar 2025
- **Citation:** TCN-2025-NCLAT-00386
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/alchemist-asset-reconstruction-company-ltd-vs-asc-insolvency-services-llp-ors-0625ab5c

## Summary

### Background

The case is an appeal before the National Company Law Appellate Tribunal (NCLAT) regarding an insolvency matter. The appeal number is 179 of 2025, along with I.A. No. 717 of 2025.

## Facts

Alchemist Asset Reconstruction Company Ltd. is the Appellant.

ASC Insolvency Services LLP & Ors. are the Respondents.

The case is listed for rejoinder submission by Shri Krishnendu Datta, learned counsel for the Appellant, on 27.03.2025.

The case is being heard in Hybrid Mode.

## Parties

- **Judges:** Ashok Bh…; Barun M…; +1 more
- **Appellants:** Alchemist Asset…
- **Respondents:** ASC Insolvency…
- **Advocates:** Milan Sing…; Nikhil Kum…; +17 more

## Timeline

- **2025-03-26 — Hearing…**: Shri Ramji Srinivasan, learned counsel for the SRA, completed his submission. Shri Vivek…
- **2025-03-27 — Next Hearin…**: The Appeal is listed for submission in rejoinder by Shri Krishnendu Datta, learned…

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