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 related to the insolvency proceedings of GTL Infrastructure Ltd. The appeals include Comp. App (AT) (Ins) No. 1410 of 2019 and Comp. App (AT) (Ins) No. 1503 of 2019 filed by Vijay Kumar Iyer (the erstwhile Resolution Professional), along with Comp. App. (AT) (Ins) No. 26-27 of 2020 filed by State Bank of India, and several other appeals numbered 685-686/2020, 734/2020, 758/2020, 762/2020, 822/2020, and 415-416/2021. The Tribunal noted that the Hon'ble Supreme Court had decided Civil Appeal No. 1810 of 2021 vide judgment and order dated 13 February 2026, which removed any hurdle for the disposal of these appeals. The appeals primarily challenge the plan approval order in GTL Infrastructure's insolvency case.

The Tribunal made specific inquiries regarding the authorization for the appeals filed by the erstwhile Resolution Professional (Vijay Kumar Iyer). Counsel for the appellant confirmed that the appeals were initially filed under the authority of the Committee of Creditors (CoC) but requested time to seek instructions regarding fresh authorization for prosecuting these appeals. The Tribunal also directed the appellant's counsel in Comp. App. (AT) (Ins) No. 733 of 2020 to file an interlocutory application to bring on record the Supreme Court judgment along with other documents within two weeks.

Final Outcome

The NCLAT adjourned all appeals to 19 August 2026 at 2:00 PM for further hearing. The Tribunal directed all parties to file joint convenience compilations in all remaining appeals where such compilations had not already been filed. The erstwhile Resolution Professional was directed to apprise the Tribunal of the current status of authorization/permission from the CoC for prosecuting the appeals filed in Comp. App (AT) (Ins) No. 1410 of 2019 and Comp. App (AT) (Ins) No. 1503 of 2019.

Topics: Corporate Insolvency, Legal Proceedings, Tribunal Directions