Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 28th July 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard three interconnected insolvency appeals listed together:

1. Comp. App. (AT) (Ins) No. 884 of 2026: Indian Bank (Appellant) versus Siddharth Gupta & Ors. (Respondents)

2. Comp. App. (AT) (Ins) No. 813 of 2026: Vehicle Recyclers India Pvt. Ltd. (Appellant) versus various respondents

3. Comp. App. (AT) (Ins) No. 1583 of 2024: Siddharth Gupta (Appellant) versus Isinox Ltd. (Through the IRP Gauri Pankaj Deshpande) & Ors. (Respondents)

Multiple legal representatives appeared for the parties:

  • For Indian Bank: Ms. Anju Bhushan Gupta, Mr. Aditya Goel, Mr. Sanyam Gupta
  • For Siddharth Gupta (R-1): Ms. Ragini Singh, Ms. Priya Rai, Mr. Vikram Kalra
  • For IRP: Mr. Aashray Chauddhary, Mr. Jatin Kumar, Mr. Shaunak Kashyap
  • For other respondents: Mr. Brijesh K. Tamber, Mr. Prateek Kushwaha, Mr. Dhimaan Dutta

The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical).

Final Outcome

The Tribunal adjourned all three appeals to 21st August 2026 due to time constraints. The interim order currently in effect will continue until the next hearing date. The order was passed in hybrid mode.

Topics: Insolvency Proceedings, Banking Litigation, NCLAT Adjournment