NCLAT Adjourns Isinox Ltd Insolvency Appeals to September 15
Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 21, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three interconnected appeals related to the insolvency proceedings of Isinox Ltd. The appeals involve multiple parties:
- Comp. App. (AT) (Ins) No. 884 of 2026: Indian Bank as Appellant versus Siddharth Gupta & Others as Respondents
- Comp. App. (AT) (Ins) No. 813 of 2026: Vehicle Recyclers India Pvt. Ltd. as Appellant versus Siddharth Gupta & Others as Respondents
- Comp. App. (AT) (Ins) No. 1583 of 2024: Siddharth Gupta as Appellant versus Isinox Ltd (Through the IRP Gauri Pankaj Deshpande) & Others as Respondents
The proceedings involve the Corporate Insolvency Resolution Process (CIRP) of Isinox Ltd, with Gauri Pankaj Deshpande serving as the Interim Resolution Professional (IRP). Multiple legal representatives appeared for the various parties, including Ms. Anshu Bhushan Gupta representing Indian Bank, Mr. Jatin Kumar representing the IRP, and Mr. Shaunak Kashyap representing Siddharth Gupta.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical) adjourned all three appeals to September 15, 2026, citing "No time left" to hear the matters on the current date. The order was passed in hybrid mode.
Topics: Insolvency Proceedings, Banking Litigation, Corporate Law