Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 13.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected insolvency appeals concerning Metalyst Forgings Ltd. The appeals are 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).
In Appeal No. 535, the appellant is Arun Kumar Maiti, while the respondents are Dinkar T. Venkatasubramanian (described as the Erstwhile Resolution Professional of Metalyst Forgings Ltd.). In Appeal No. 536, the appellants are Arvind Dham and Others, with the same respondent.
Legal representation included Ms. Princi Jaiswal, Advocate for the appellants in both cases. The respondents were represented by Mr. Vaijant Paliwal, Mr. Nikhil Mathur, Mr. Aditya Marwah, and Ms. Shruti Poddar, Advocates.
The three-member bench, consisting of Justice N Seshasayee (Member - Judicial), Arun Baroka (Member - Technical), and Indevar Pandey (Member - Technical), heard the matter in hybrid mode.
Final Outcome
The tribunal did not make any substantive ruling on the merits of the appeals. Instead, it issued a procedural order adjourning both appeals and listing them for the next hearing on 13.08.2026.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Litigation