Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 13 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals: Company Appeal (AT) (Ins) No. 535 of 2026 with I.A. No. 2060 and 2061 of 2026, and Company Appeal (AT) (Ins) No. 536 of 2026 with I.A. No. 2067 and 2068 of 2026. The appellants in the first appeal are Arun Kumar Maiti and in the second appeal are Arvind Dham and Others. The respondent in both appeals is Dinkar T. Venkatasubramanian, described as the Erstwhile Resolution Professional of corporate debtor Metalyst Forgings Ltd. The appeals appear to challenge orders related to the corporate insolvency resolution process of Metalyst Forgings Ltd. The appellants were represented by Advocate Ms. Princi Jaiswal, while the respondents were represented by a team of advocates led by Mr. Vaijant Paliwal.
Final Outcome
The bench, comprising Justice N Seshasayee (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), did not issue any substantive ruling on the merits of the case. The order simply adjourned both appeals and listed them for the next hearing on 13 August 2026. The order was passed in hybrid mode.
This content may not be financially relevant as it constitutes a procedural scheduling order without any substantive financial or legal determinations regarding the insolvency proceedings of Metalyst Forgings Ltd.