Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1809 of 2026 between appellant Catalyst Trusteeship Ltd. and respondents Shobhit J. Rajan & Anr. The appeal involves insolvency proceedings, with the respondent identified as a Suspended Director of the Corporate Debtor (CD). Representation included Senior Counsel Arun Kathpalia for the appellant, Senior Counsel Sumant Batra for Respondent No. 1, and Senior Counsel Krishnan Venugopal for the Resolution Professional (RP).
Final Outcome
The tribunal adjourned the hearing to October 5, 2026, at 12:00 PM due to paucity of time. The parties reached consensus to dispose of the appeal at the admission stage, with respondents agreeing not to file formal replies but to submit written submissions instead. The appellant was directed to provide legible copies of the DTD (likely Debt Trust Deed) and other relevant documents that were found to be illegible.
Topics: NCLAT Proceedings, Insolvency Appeal, Hearing Adjournment