Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: July 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has issued a procedural order in two connected appeals. The appellant in both cases is Maruti Koatsu Cylinders Ltd. The first appeal, Comp. App. (AT) (Ins) No. 1516 of 2025, is filed against Kotak Mahindra Bank Ltd. and Others. The second appeal, Comp. App. (AT) (Ins) No. 1517 of 2025, is filed against Asset Reconstruction Company of India and Others. The order was passed by a bench comprising Justice N. Seshasayee (Member - Judicial) and Barun Mitra (Member - Technical). The order does not detail the specific allegations, disputes, or background of the insolvency proceedings, as it is purely a scheduling directive.
Final Outcome
The NCLAT has listed both appeals for hearing on July 22, 2026. No substantive decisions on the merits of the cases were made in this order. The interim applications numbered I.A. No. 5842 of 2025 and I.A. No. 5844 of 2025 were also listed alongside their respective appeals. The final outcome of the litigation is pending and will be determined at a future hearing.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceeding