Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 19 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 112 of 2025 along with I.A. No. 499 of 2025. The appeal was filed by The Nasik Merchants Co-operative Bank Ltd. against Kailash T Shah, the Erstwhile Resolution Professional of Yug Weave Tech Pvt. Ltd., and another respondent. The case involves insolvency proceedings related to Yug Weave Tech Pvt. Ltd.
Final Outcome
The Tribunal adjourned the hearing due to lack of available time. The appeal has been listed for next hearing on October 1, 2026. No substantive arguments were heard or decisions made on this date.
Topics: Insolvency Appeal, Cooperative Banking, NCLAT Proceedings