Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing two connected Company Appeals filed under insolvency provisions: Company Appeal (AT) (Ins.) No. 1683 of 2026 and Company Appeal (AT) (Ins.) No. 1687 of 2026. The appellants in these cases are Basu Deo Yadav and Vikram Bajaj, respectively. The common respondent in both appeals is the Rajasthan State Industrial Development and Investment Corporation Limited (RIICO), along with other parties. A Committee of Creditors (CoC) is also involved as a respondent. The appeals were heard in hybrid mode. Legal representation included Mr. Kunal Godhwani for the appellant in the first appeal, and Mr. Milan Singh Negi, Mr. Nikhil Kumar Jha, and Ms. Katyayani for the appellant in the second appeal. RIICO was represented by Mr. Anuj Bhandari and Ms. Jahanvi Bhardwaj, and the CoC was represented by Mr. Nipun Gautam.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Arun Baroka (Member - Technical), passed a brief procedural order. Citing "No time left," the tribunal adjourned the hearing of both appeals. The matters were relisted for a future hearing on 27.11.2026. No substantive decisions on the merits of the appeals were made in this order.
Topics: Insolvency Appeal, NCLAT Proceeding, Adjournment