Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: July 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals (Comp. App. (AT) (Ins) No. 579 of 2024 and Comp. App. (AT) (Ins) No. 580 of 2024) related to the liquidation of Mahabali Innovative Technologies Pvt. Ltd.
The first appeal (No. 579 of 2024) was filed by Kairav Anil Trivedi, the Liquidator for Mahabali Innovative Technologies Pvt. Ltd., against the Small Industries Development Bank of India (SIDBI) and Others. The second appeal (No. 580 of 2024) was filed by Kairav Anil Trivedi in his capacity as the Erstwhile Liquidator for Mahabali Innovative Technologies Pvt. Ltd. against Rakesh Kumar Jindal, the current Liquidator of the company.
Representation was noted for the appellant by advocates Mr. Anuj P. Ayarwala and Ms. Mukti Heliwal. For the respondents, advocate Mr. Mohd. Moonis Abbasi appeared for Respondent-1 (SIDBI in the first appeal and the current liquidator in the second).
The order, issued by a bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), did not delve into the substantive merits of either appeal. No background on the dispute, allegations, or legal questions was provided in this procedural order.
Final Outcome
The tribunal issued a purely procedural order, adjourning both appeals and listing them for the next hearing on July 30, 2026. No rulings on the merits, penalties, directions, or observations on the case were made. The outcome is a simple scheduling update.
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