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

> NCLAT judgment dated 2025-03-07. Citation: TCN-2025-NCLAT-00394. The case involves two appeals: Comp. App. (AT) (Ins) No. 148 of 2025 filed by Gateway…

- **Court:** NCLAT
- **Order date:** 7 Mar 2025
- **Citation:** TCN-2025-NCLAT-00394
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/gateway-investment-management-services-ltd-vs-asc-insolvency-services-llp-ors-4d8d0d66

## Summary

### Background

The case involves two appeals: Comp. App. (AT) (Ins) No. 148 of 2025 filed by Gateway Investment Management Services Ltd. and Comp. App. (AT) (Ins) No. 179 of 2025 filed by Alchemist Asset Reconstruction Company Ltd., both against ASC Insolvency Services LLP & Ors.

## Facts

Gateway Investment Management Services Ltd. has filed an appeal against ASC Insolvency Services LLP & Ors.

Alchemist Asset Reconstruction Company Ltd. has filed an appeal against ASC Insolvency Services LLP & Ors.

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

The court has issued an interim order to continue.

The case is listed for further hearing on 18.03.2025.

## Issues and analysis

### Issue 1: Whether the interim …

**Ratio:** Based on the order, the

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**Reasoning:** The court has directed the interim order to

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**Interpretation:** The court is maintaining the status quo

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**Application:** The interim order

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Gateway Investment…; Alchemist Asset…
- **Respondents:** ASC Insolvency…
- **Other parties:** Abhishek P…
- **Advocates:** Abhijeet…; Udita S…; +18 more

## Timeline

- **2025-03-07 — Order Da…**: The order was issued on…
- **2025-03-18 — Next Hearin…**: The case is listed for…

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