NCLAT Adjourns KSM Spinning Mills Appeals

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

Order Date: November 2, 2026

Case Overview

This order pertains to two connected appeals, Comp. App. (AT) (Ins) No. 1021 of 2023 and Comp. App. (AT) (Ins) No. 1350 of 2023. The appellants are Sarish Mittal and Vipan Mittal. The respondent in both appeals is Nipan Bansal in his capacity as the Resolution Professional of KSM Spinning Mills Ltd. The matter was listed for a hearing on November 2, 2026.

Final Outcome

The bench, comprising Justice Sharad Kumar Sharma (Member-Judicial), Arun Baroka (Member-Technical), and Indevar Pandey (Member-Technical), noted that due to a paucity of time, the matter could not be taken up for hearing on that day. Consequently, the tribunal adjourned the proceedings and listed both appeals for the next hearing on January 11, 2027.

Topics: Insolvency Proceeding, Adjournment, NCLAT