Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 10th July, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected company appeals related to insolvency matters. Company Appeal (AT) (Insolvency) No. 608 of 2026 involves Abhay Narayan Manudhane, the Resolution Professional of Housing Development and Infrastructure Ltd., as the Appellant versus My Palace Mutually Aided Cooperative Society Ltd. & Others as Respondents. Company Appeal (AT) (Insolvency) No. 817 of 2026 involves Unity Small Finance Bank Ltd. as the Appellant versus the same set of Respondents, My Palace Mutually Aided Cooperative Society Ltd. & Others.
The order is purely procedural and deals with scheduling and filing deadlines. No substantive arguments, allegations, or legal reasoning were presented or decided in this hearing.
Final Outcome
Both appeals were adjourned to 31st August, 2026 for further hearing. For Appeal No. 608/2026, the adjournment was granted as the learned arguing counsel for the appellant was not available. For Appeal No. 817/2026, the learned counsel for the respondent sought more time to file a reply. The Tribunal granted two weeks from July 10, 2026, for the respondents to file their reply. A rejoinder, if any, is to be filed within two weeks after that. The final outcome of the insolvency disputes remains pending.
Topics: Insolvency Proceedings, Legal Adjournment