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

> NCLAT judgment dated 2025-02-07. Citation: TCN-2025-NCLAT-00401. The case pertains to Company Appeal (AT) (Insolvency) No. 179 of 2025 and I.A. No. 717 of…

- **Court:** NCLAT
- **Order date:** 7 Feb 2025
- **Citation:** TCN-2025-NCLAT-00401
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/alchemist-asset-reconstruction-company-ltd-vs-asc-insolvency-services-llp-ors-7b0afe3b

## Summary

### Background

The case pertains to Company Appeal (AT) (Insolvency) No. 179 of 2025 and I.A. No. 717 of 2025 before the National Company Law Appellate Tribunal, Principal Bench, New Delhi.

## Facts

The appeal is Company Appeal (AT) (Insolvency) No. 179 of 2025 and I.A. No. 717 of 2025.

The appellant is Alchemist Asset Reconstruction Company Ltd.

The respondents are ASC Insolvency Services LLP & Ors.

The appellant has e-filed an additional affidavit and seeks liberty to file a hard copy.

The appeal is listed for 19th February, 2025.

The interim order is to continue.

## Issues and analysis

### Issue 1: Whether the Appellant should be granted liberty to …

**Ratio:** The court allowed the

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**Reasoning:** The appellant had already e-filed the additional affidavit and sought permission to file

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**Interpretation:** The court's decision indicates a procedural allowance for filing hard copies in

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**Application:** This decision sets a precedent for allowing parties to file hard copies of

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## Parties

- **Judges:** Ashok Bh…; Barun M…; +1 more
- **Appellants:** Alchemist Asset…
- **Respondents:** ASC Insolvency…
- **Advocates:** Krishnendu…; Milan Sing…; +19 more

## Timeline

- **2025-01-03 — Order Da…**: Order dated 03.01.2025…
- **2025-02-07 — Hearing…**: Counsel for the Appellant submits that in pursuance of the order dated 03.01.2025,…

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