Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06.11.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1820 of 2026 along with I.A. No. 7744 of 2026. The appellant is Kamlesh Kumar Upadhyay, the suspended director of Kashyapi Infrastructure Pvt. Ltd. The respondents are Satya Prakash Gupta, the Insolvency Resolution Professional (IRP) appointed for the company, and others. The tribunal noted that parties had filed their replies online as per its earlier direction and allowed the hard copies to be taken on record.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), concluded hearing arguments from learned counsel for all parties. The judgment has been reserved. Counsel for the parties were granted permission to file written submissions, limited to 4-5 pages in Times New Roman font size 14, within seven days from the order date, to support their oral arguments and cite relevant case laws. The interim order currently in place will continue to remain in effect until the final judgment is pronounced.
Topics: Corporate Insolvency, NCLAT Proceeding