Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 30, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 2080 of 2026, an appeal filed by Diamond Power Infrastructure Limited against Nitin Hasmukhlal Parikh, who serves as the Liquidator of Diamond Power Transformers Ltd, along with other respondents. The matter involves proceedings related to the liquidation of Diamond Power Transformers Ltd, a subsidiary of the appellant company. The tribunal heard arguments from Mr. Malak Bhatt, advocate representing the appellant, and determined that the matter requires further consideration.
Final Outcome
The NCLAT issued formal notice to all respondents in the case. The appellant, Diamond Power Infrastructure Limited, was directed to complete all necessary procedural steps, including serving notices and submitting process fees, within three working days from October 30, 2026. The matter has been listed for the next hearing on December 9, 2026, under the caption 'For Admission (After Notice)', indicating the tribunal will consider admitting the appeal after respondents have been properly served. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical).
Topics: Corporate Insolvency, NCLAT Proceedings, Subsidiary Liquidation