Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals filed by PTC Engineering India Pvt. Ltd. The appellant is challenging orders related to the liquidation process of Nipman Fasteners Industries Pvt. Ltd. The respondents in both appeals are Dharmendra Kumar (Liquidator of Nipman Fasteners Industries Pvt. Ltd.) and State Bank of India. The appeals were numbered as Comp. App. (AT) (Ins) No. 1522 of 2026 and Comp. App. (AT) (Ins) No. 1523 of 2026. The tribunal noted that there was no time left to hear the matter on the current date.
Final Outcome
The NCLAT ordered the connection of both appeals and adjourned the hearing to 21 August 2026. The matter will be listed under the same caption on the new date. The order was passed by a bench consisting of Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical).
This content may not be financially relevant as it represents a procedural adjournment without substantive ruling on the merits of the insolvency case.