Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: July 30, 2026
Case Overview
The appeal has been filed by Asset Reconstruction Company (India) Ltd. (ARCIL) against Calyx Spaces LLP. The proceedings originate from a Section 7 application under the Insolvency and Bankruptcy Code (IBC) that was initially filed by IIFL Home Finance Ltd. The appellate tribunal noted that the appellant, ARCIL, has not filed the assignment deed along with the appeal, which is necessary to establish its legal standing in the case as the assignee of the original financial creditor's (IIFL Home Finance Ltd.) rights.
Final Outcome
The NCLAT bench, comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical), issued a directive for the appellant to file the assignment deed within one week from the order date (i.e., by August 6, 2026). The matter has been adjourned and is now listed for the next hearing on August 20, 2026.
Topics: Insolvency Appeal, Procedural Compliance