# In the matter of Gateway Investment Management Services Ltd. & Ors. Vs ASC Insolvency Services LLP & Ors.

> NCLAT judgment dated 2025-03-18. Citation: TCN-2025-NCLAT-00390. The case involves two Company Appeals (AT) (Insolvency) No. 148 of 2025 and No. 179 of 2025,…

- **Court:** NCLAT
- **Order date:** 18 Mar 2025
- **Citation:** TCN-2025-NCLAT-00390
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/gateway-investment-management-services-ltd-ors-vs-asc-insolvency-services-llp-or-975d368c

## Summary

### Background

The case involves two Company Appeals (AT) (Insolvency) No. 148 of 2025 and No. 179 of 2025, along with I.A. No. 1083 of 2025 and I.A. No. 717 of 2025. Gateway Investment Management Services Ltd. and Alchemist Asset Reconstruction Company Ltd. are the Appellants, and ASC Insolvency Services LLP & Ors. are the Respondents.

## Facts

Gateway Investment Management Services Ltd. is the Appellant in Company Appeal (AT) (Insolvency) No. 148 of 2025.

Alchemist Asset Reconstruction Company Ltd. is the Appellant in Company Appeal (AT) (Insolvency) No. 179 of 2025.

ASC Insolvency Services LLP & Ors. are the Respondents in both appeals.

The case was heard by the Principal Bench of the National Company Law Appellate Tribunal, New Delhi.

The matter was listed on 18.03.2025 and relisted for 19.03.2025.

An interim order was ordered to continue.

## Issues and analysis

### Issue 1: Whether the interim …

**Ratio:** The court found it appropriate

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**Reasoning:** The reasoning is not explicitly stated but implied by the order to continue the interim

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**Interpretation:** The court is maintaining the

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**Application:** The interim order

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## Parties

- **Judges:** Ashok Bh…; Barun M…; +1 more
- **Appellants:** Gateway Investment…; Alchemist Asset…
- **Respondents:** ASC Insolvency…
- **Advocates:** Krishnendu…; Milan Sing…; +14 more

## Timeline

- **2025-03-18 — Hearing…**: Case heard on…
- **2025-03-19 — Next Listin…**: Case listed on…

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