Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 28.10.2026
Case Overview
This order pertains to two combined Company Appeals (AT) (Ins.) No. 518 of 2025 and No. 517 of 2025. The appellants are Santosh Kumar and Udaivir Anand, respectively. The common respondent in both appeals is IDBI Trusteeship Services P. Ltd., among others. The matter is a proceeding before the NCLAT. The bench took note of a recent order from the Hon'ble Supreme Court of India dated 16.10.2026, passed in Civil Appeal No.13692-13693 of 2026. The Supreme Court has issued a notice in that matter, returnable by 17.11.2026, and has scheduled it for a hearing on that date at 02:00 PM.
The NCLAT also noted that the appellant had not yet complied with a previous directive to file an Amended Memo of Parties.
Final Outcome
The NCLAT has adjourned the hearing of both appeals to 25.11.2026 due to the pending Supreme Court matter. The bench directed the appellant to file the Amended Memo of Parties within three days from the order date (28.10.2026). It also permitted the Intervener, Rajender Singh, to file a reply before the next date of listing. The existing interim order was extended and will remain in operation until the next hearing on November 25, 2026. The final disposition of the appeals is contingent on the outcome of the related proceedings in the Supreme Court.
Topics: NCLAT Proceedings, Supreme Court, Adjournment