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

> NCLAT judgment dated 2025-03-05. Citation: TCN-2025-NCLAT-00396. The case involves two Company Appeals (AT) (Insolvency) No. 148 of 2025 and No. 179 of 2025…

- **Court:** NCLAT
- **Order date:** 5 Mar 2025
- **Citation:** TCN-2025-NCLAT-00396
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/gateway-investment-management-services-ltd-vs-asc-insolvency-services-llp-ors-2e07c2bf

## Summary

### Background

The case involves two Company Appeals (AT) (Insolvency) No. 148 of 2025 and No. 179 of 2025 before the National Company Law Appellate Tribunal, Principal Bench, New Delhi. The appeals are filed by Gateway Investment Management Services Ltd. and Alchemist Asset Reconstruction Company Ltd. against ASC Insolvency Services LLP & Ors.

## Facts

Gateway Investment Management Services Ltd. filed Company Appeal (AT) (Insolvency) No. 148 of 2025 against ASC Insolvency Services LLP & Ors.

Alchemist Asset Reconstruction Company Ltd. filed Company Appeal (AT) (Insolvency) No. 179 of 2025 against ASC Insolvency Services LLP & Ors.

The National Company Law Appellate Tribunal, Principal Bench, New Delhi is hearing the appeals.

The court directed the parties to file a hard copy of the Additional Affidavit by tomorrow.

The court listed the matter for further hearing on 07.03.2025.

An interim order was continued in Company Appeal (AT) (Insolvency) No. 179 of 2025.

## Issues and analysis

### Issue 1: Whether the appeals filed by Gateway Investment Management Services Ltd. and Alchemist Asset …

**Ratio:** N/A…

**Reasoning:** The document does not provide the reasoning

…

**Interpretation:** N/A…

**Application:** N/A…

## Parties

- **Judges:** Ashok Bh…; Barun M…; +1 more
- **Appellants:** Gateway Investment…; Alchemist Asset…
- **Respondents:** ASC Insolvency…
- **Advocates:** Abhijit…; Vaibhav M…; +19 more

## Timeline

- **2025-03-05 — Order Da…**: Order passed by the…
- **2025-03-07 — Next Hearin…**: Matter listed for…

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