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

> NCLAT judgment dated 2025-03-28. Citation: TCN-2025-NCLAT-00385. The case involves two Company Appeals (AT) (Insolvency) No. 148 of 2025 and No. 179 of 2025…

- **Court:** NCLAT
- **Order date:** 28 Mar 2025
- **Citation:** TCN-2025-NCLAT-00385
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/gateway-investment-management-services-ltd-vs-asc-insolvency-services-llp-ors-ccd04431

## 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.

Alchemist Asset Reconstruction Company Ltd. filed Company Appeal (AT) (Insolvency) No. 179 of 2025.

Both appeals are against ASC Insolvency Services LLP & Ors.

The court has reserved its judgment in both appeals.

Interim orders are to continue until the delivery of judgment.

Counsels are allowed to file short notes of submissions within a week.

## Issues and analysis

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

**Ratio:** The document does not

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**Reasoning:** The document does not

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**Interpretation:** The document does not

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**Application:** The document does not

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## Parties

- **Judges:** Ashok Bh…; Barun M…; +1 more
- **Appellants:** Gateway Investment…; Alchemist Asset…
- **Respondents:** ASC Insolvency…
- **Advocates:** Abhijeet…; Udita S…; +22 more

## Timeline

- **2025-03-28 — Hearing Completed and…**: The court heard the counsels and reserved the judgment in both Company Appeal (AT)…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/gateway-investment-management-services-ltd-vs-asc-insolvency-services-llp-ors-ccd04431