Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 13th August, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected appeals related to the insolvency proceedings of Karrm Infrastructure Pvt. Ltd. The first appeal, Comp. App. (AT) (Ins) No. 507 of 2026, was filed by Truvisory Insolvency Professionals Pvt. Ltd., acting as the Resolution Professional of Karrm Infrastructure Pvt. Ltd., against GIC Housing Finance Ltd. The second appeal, Comp. App. (AT) (Ins) No. 354 of 2026, was filed by VSJ Investments Pvt. Ltd. against GIC Housing Finance Ltd. & Anr. The appeals challenge previous orders concerning the Corporate Insolvency Resolution Process (CIRP) of Karrm Infrastructure. Legal representation included Senior Advocate Mr. Abhijet Sinha with Mr. Utsav Muherjee, Bhaskar, and Arjun Katyal for the appellants, while Kavisha Shah represented respondent R7, and Mr. Aayush Agarwala with Utkarshani Srivastava represented respondent R1 (GIC Housing Finance Ltd.). The bench comprised Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member - Technical), and Ajai Das Mehrotra (Member - Technical).
Final Outcome
The NCLAT adjourned both appeals and listed them for the next hearing on 18th September, 2026. No substantive orders were passed on the merits of the case during this hearing.
Topics: Insolvency Appeal, Housing Finance, NCLAT