Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 16 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected insolvency appeals. 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). Company Appeal (AT) (Insolvency) No. 817 of 2026 was filed by Unity Small Finance Bank Ltd. Both appeals list My Palace Mutually Aided Cooperative Society Ltd. and Others as the common respondents. The order is a procedural update from a hearing held in hybrid mode. The tribunal noted that pleadings needed to be completed before the appeals could proceed substantively.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Technical Members Mr. Barun Mitra and Mr. Ajai Das Mehrotra, adjourned both appeals. The next date of hearing is scheduled for 16 December 2026. No substantive decisions on the merits of the appeals were made in this order.
Topics: Insolvency Proceedings, Legal Adjournment