Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 08.07.2026
Case Overview
This is an order in Company Appeal (AT) (Insolvency) No. 508 of 2023, along with two Interlocutory Applications (I.A. No. 1655 of 2023 & I.A. No. 6862 of 2024). The appellant is Vikram Kumar, acting in his capacity as the Resolution Professional for Hi-Tech Investment & Finance Pvt. Ltd. The respondents are IFCI Ltd. & Others. During the hearing, the learned counsel for the respondents submitted that a scheme had been approved by the National Company Law Tribunal (NCLT) and that they needed to take further instructions in this regard.
Final Outcome
The NCLAT bench, comprising Justice Yogesh Khanna (Member - Judicial) and Mr. Ajai Das Mehrotra (Member - Technical), ordered the appeal to be listed next on 08.09.2026. The matter was adjourned based on the submission from the respondent's counsel regarding the NCLT-approved scheme.
Topics: Insolvency, Legal Proceedings