NCLAT Adjourns KSM Spinning Mills Appeals Hearing

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

Order Date: 01.10.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) was hearing two connected appeals: Comp. App. (AT) (Ins) No. 1021 of 2023 (filed by Sarish Mittal) and Comp. App. (AT) (Ins) No. 1350 of 2023 (filed by Vipan Mittal). Both appellants were appealing against Nipan Bansal in his capacity as the Resolution Professional of M/S KSM Spinning Mills Ltd. The appeals were being heard together along with several interlocutory applications (I.A. No. 25, 26, 920 of 2025).

Final Outcome

The three-member bench, comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), adjourned the hearing of both appeals. The adjournment was specifically due to "paucity of time," meaning the tribunal could not take up the matter for hearing on that day. The appeals have been relisted for the next hearing on 02.11.2026.

Topics: Insolvency Proceedings, NCLAT Adjournment