Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 12.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 830 of 2024 along with I.A. No. 3003 of 2024. The appellants are Yashwant Lalchand Sangla, identified as a Suspended Director of Linkson International Ltd., and other appellants. The respondents include Manish Baldeva, identified as the Liquidator of Linkson International Ltd., along with other respondents. The matter represents an appeal proceeding related to the liquidation of Linkson International Ltd. Oral arguments were presented by counsel for both parties, with Mr. Gaurav H. Sethi, Mr. Kartik Nagpal, Mr. Rahul Kapoor, and Mr. Rahul Pawar representing the appellants, and Ms. Aditi Tuteja and Mr. Nikhil Gupta representing respondent No. 1 (the Liquidator).
Final Outcome
The NCLAT has reserved its judgment after concluding oral arguments from both sides. The tribunal permitted parties to file written submissions within five days from August 12, 2026, with specific formatting requirements (Times New Roman font, size 14, not exceeding 3-4 pages) including citations of relevant case laws and judgment paragraphs. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical).
Topics: Corporate Insolvency, NCLAT Proceedings, Liquidation Appeal