Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Comp. App. (AT) No. 303 of 2025. The appellant is the Executive Engineer (Project) of Bruhat Bengaluru Mahanagara Palike (BBMP), a municipal corporation. The respondents are Grant Thornton India LLP and Claims Management Advisory of Infrastructure Leasing and Financial Services Ltd (IL&FS), along with another unnamed respondent. The order represents a procedural update in an ongoing appellate proceeding between a municipal authority and financial advisory firms.
Final Outcome
The NCLAT bench, consisting of Officiating Chairperson Justice Yogesh Khanna and Technical Member Barun Mitra, adjourned the case. The appeal has been listed for the next hearing on 25 November 2026. The order was passed in hybrid mode, allowing both physical and virtual appearances. Advocates Milind Dange and Pooja Serawat represented the appellant (BBMP), while Ms. Srishti Agnihotri and Mr. Anuj Lakhotiya represented the respondents.
Topics: NCLAT Proceeding, Municipal Corporation, Financial Advisory