Coastal Organics NCLAT Insolvency Appeal Adjourned

Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: 26.10.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1429 of 2024. The appellant is Jayram Shetty, identified as the Suspended Director of Coastal Organics Pvt. Ltd. The respondent is Vipul Life Science Ltd. The matter pertains to insolvency proceedings. The appellant was represented by advocates Mr. Jitendra Chaudhary and Ms. Shilpa Chouhan, while the respondent had no representation during this hearing.

Final Outcome

The NCLAT bench, comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), did not hear the substantive matter. The order states that "Due to paucity of time, the matter could not be taken up." Consequently, the appeal has been adjourned and is now listed for hearing on 21.12.2026.

Topics: Insolvency Appeal, NCLAT, Adjournment