Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 16.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected Company Appeals filed under the Insolvency and Bankruptcy Code. Company Appeal (AT) (Insolvency) No. 608 of 2026 was filed by Abhay Narayan Manudhane in his capacity as the Resolution Professional of Housing Development and Infrastructure Ltd. (HDIL) as the appellant against My Palace Mutually Aided Cooperative Society Ltd. and Others as respondents. Company Appeal (AT) (Insolvency) No. 817 of 2026 was filed by Unity Small Finance Bank Ltd. as the appellant against the same respondents, My Palace Mutually Aided Co-Operative Society Ltd. & Ors. The appeals were heard together. Representation for the appellants included Senior Advocates Mr. Gaurav Mitra and Mr. P.B. Krishnan, along with their respective legal teams. The order does not detail the specific nature of the dispute or the grounds of appeal, focusing instead on procedural management.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Mr. Barun Mitra and Mr. Ajai Das Mehrotra, issued a procedural order. The tribunal directed that all pleadings in both appeals must be completed prior to the next date of hearing. Consequently, both appeals were adjourned and listed for their next hearing on 16.12.2026. The order represents a routine procedural step in the ongoing litigation, with no substantive decision on the merits of the cases rendered at this stage.
Topics: Insolvency Litigation, Banking Dispute, Corporate Law