Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 21 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard multiple connected appeals involving the liquidation proceedings of DSK Motors Pvt. Ltd. The appeals comprise Company Appeal (AT) (Insolvency) No. 176 of 2025, 383 of 2024, 469-470 of 2024, and 68 of 2025. The primary appellant is Indrajit Mukherjee, the Liquidator of DSK Motors Pvt. Ltd., while the respondents include the Deputy Director of the Enforcement Directorate (ED), Mumbai Zonal Office II, and in one appeal, My Car Pune Pvt. Ltd. is the appellant against DSK Motors Pvt. Ltd. (through its Liquidator). The core legal issue concerns the interaction between insolvency proceedings and enforcement actions, which is currently under consideration before the Supreme Court of India.
Final Outcome
The NCLAT adjourned Company Appeal (AT) (Insolvency) No. 176 of 2025 to August 27, 2026, awaiting the outcome of the related matter before the Supreme Court. The Tribunal reserved its orders on Company Appeal (AT) (Insolvency) No. 383 of 2024 and No. 469-470 of 2024. All existing interim orders were directed to remain in operation until the next date of hearing. The bench comprised Justice Sharad Kumar Sharma (Member Judicial) and Arun Baroka (Member Technical).
Topics: Insolvency Litigation, Enforcement Directorate, Supreme Court Reference