Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 20.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 2038 of 2025, an insolvency appeal filed by Dipakkumar Ramdas Shinde, the Suspended Director of Proto D Industries Pvt. Ltd., as the appellant. The respondents in the case are Rexel India Pvt. Ltd. & Anr. Legal representation was present for all parties: Mr. Avishkar Singhvi, Ms. Pallavi Pratap, Mr. P. Deshpande, and Mr. Rohan Marathe represented the appellant; Mr. Vinayak Srivastava, Mr. Kushagra Sachdeva represented Respondent-1 (Rexel India); and Ms. Honey Satpal, Mr. Akash Agarwalla, and Mr. Aman represented Respondent-2 (the Resolution Professional).
Final Outcome
The two-member bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) noted that there was "no time left" to hear the matter on July 20, 2026. Consequently, the appeal was adjourned and listed for the next hearing on August 20, 2026. The order was passed in hybrid mode. No substantive hearing or decision on the merits of the insolvency appeal occurred during this proceeding.
Topics: Insolvency Appeal, Corporate Litigation, NCLAT Proceedings