Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected insolvency appeals: Comp. App. (AT) (Ins) No. 1683 of 2026 (Basu Deo Yadav vs. Rajasthan State Industrial Development and Investment Corporation Limited and Ors.) and Comp. App. (AT) (Ins) No. 1687 of 2026 (Vikram Bajaj vs. Rajasthan State Industrial Development and Investment Corporation Limited and Ors.). The appeals were connected by consensus between the parties. The hearing was conducted in hybrid mode with multiple legal representatives appearing for various parties including the appellants, respondents, resolution professional, and Committee of Creditors.
Final Outcome
The Tribunal adjourned both appeals to September 9, 2026. Senior Counsel Abhijeet Sinha, appearing for the appellant in Comp. App. (AT) (Ins) No. 1687 of 2026, began his submissions but could not conclude due to paucity of time. The bench ordered that both cases be listed as the first five fresh cases on the cause list for September 9, 2026.
Topics: Insolvency Appeals, NCLAT Proceedings, Corporate Litigation