Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three interconnected insolvency appeals involving multiple parties. The appeals are Comp. App. (AT) (Ins) No. 884 of 2026 (India Bank vs. Siddharth Gupta & Ors.), Comp. App. (AT) (Ins) No. 813 of 2026 (Vehicle Recyclers India Pvt. Ltd. vs. Siddharth Gupta & Ors.), and Comp. App. (AT) (Ins) No. 1583 of 2026 (Siddharth Gupta vs. Through the IRP Gauri Pankaj Deshpande & Ors.). The appeals appear to challenge aspects of a corporate insolvency resolution process involving Siddharth Gupta as a central party. Multiple legal representatives appeared for the various parties, though the appearance for Vehicle Recyclers India Pvt. Ltd. was not marked in the record.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Naresh Salecha (Member Technical) adjourned all three appeals due to time constraints. The matters have been listed for next hearing on 5 October 2026. No substantive decisions or directions were issued in this order.
Topics: Insolvency Appeals, Banking Sector, Legal Adjournment