Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 2, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins.) No. 2264 of 2024 along with I.A. No. 2231 of 2025. The appeal was filed by Renu Lalit Agarwal, identified as the Suspended Director of as Infracon Pvt. Ltd., against respondents Small Industries Development Bank of India (SIDBI) and another party. During the hearing, the tribunal noted that an interim order dated December 10, 2024, remains operative in this matter.
Final Outcome
The tribunal directed its registry to verify whether a reply from Respondent No. 1 (SIDBI) referenced under Diary No. 61108 and allegedly filed on August 13, 2025, was actually submitted. The reply was not available on the e-portal or in physical records. Respondent No. 1's counsel was directed to file a hard copy of this reply before the next hearing. The reply filed by Respondent No. 2 was taken on record. The appeal was adjourned to July 21, 2026, and placed high on the board with a clear stipulation that no adjournments shall be granted on the next date of hearing.
Topics: NCLAT Proceeding, Corporate Insolvency, Legal Appeal