Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard multiple connected company appeals related to insolvency proceedings. The appeals involve several appellants against Yes Bank Ltd. & others as respondents. The specific appeals are Company Appeal (AT) (Insolvency) Nos. 1096, 1097, 1098, 1100, 1101, and 1102 of 2026.
The appellants include Infosoft Global Pvt. Ltd. (in appeals 1096 and 1097), RDG Enterprises Pvt. Ltd. (in appeals 1098 and 1100), and Nakul Himatsingka in his capacity as Suspended Director of Ideal Real Estate Pvt. Ltd. (appeal 1101) and Ideal Unique Realtor Pvt. Ltd. (appeal 1102). All appeals list Yes Bank Ltd. & others as respondents.
During the hearing conducted in hybrid mode, learned counsel for the appellant in appeals 1101 and 1102 (Nakul Himatsingka) submitted that the appellant proposes to give an offer to Yes Bank within two days. Shri Ratnanko Banerjee, learned senior counsel appearing for Yes Bank, responded that such offer may be submitted for consideration.
Final Outcome
The NCLAT bench comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member Technical) adjourned the hearing of Company Appeal (AT) (Ins.) Nos. 1101 and 1102 of 2026 to 3 July 2026 to consider the proposed offer. The tribunal also listed the other connected appeals (Nos. 1096, 1097, 1098, and 1100 of 2026) on the same date, 3 July 2026. The order explicitly states that this adjournment and consideration of any offer is without prejudice to the rights and contention of either of the parties involved in the proceedings.
Topics: Insolvency Proceedings, Banking Disputes, NCLAT Hearing