Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 30, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing three interconnected company appeals related to the corporate insolvency resolution process of Button Industries Private Ltd. The appeals involve multiple parties: Comp. App. (AT) (Ins) No. 1835 of 2026 between Wellfin Corporation and Madhav Solar Pvt. Ltd. (Appellants) versus Bhavan Trivedi (Erstwhile Resolution Professional of Button Industries Private Ltd.) & Others; Comp. App. (AT) (Ins) No. 1852 of 2026 between The Committee of Creditors of Button Industries Pvt. Ltd. through Its Sole Member Neurich Nutrifoods Limited (Appellant) versus Wellfin Corporation & Others; and Comp. App. (AT) (Ins) No. 1853 of 2026 between Bhavan Trivedi (Erstwhile Resolution Professional of Button Industries Pvt. Ltd.) versus Income Tax Department & Others.
Final Outcome
The Tribunal adjourned all three appeals due to paucity of time. The matters were rescheduled for hearing on October 1, 2026, under the same caption, and were directed to be listed high up on the board. The order was passed in hybrid mode by Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Topics: Insolvency Appeals, Corporate Resolution, NCLAT Proceedings