NCLT Order Issued for Talwalkars Better Value Fitness Ltd

Talwalkars Better Value Fitness Ltd has submitted a copy of the National Company Law Appellate Tribunal (NCLAT) order dated September 3, 2026. This order arises from an appeal concerning a previous ruling by the National Company Law Tribunal (NCLT) Mumbai Bench on February 26, 2026. The appeal was filed by Ravikumar Gaurishankar Patel, the successful auction purchaser of Talwalkars Better Value Fitness Ltd for Rs. 15 Cr. The NCLT had rejected or partly allowed certain reliefs sought by the appellant to operationalize the company as a going concern, directing them to approach regulatory authorities like SEBI and stock exchanges. The NCLAT is now reviewing this decision.