Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: September 21, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) is hearing three interconnected company appeals related to insolvency proceedings involving Ritu Automobiles Pvt. Ltd. The appeals are:
1. Company Appeal (AT) (Insolvency) No. 1159 of 2022: Ritu Automobiles Pvt. Ltd. (Appellant) versus HDFC Bank Ltd. (Respondent)
2. Company Appeal (AT) (Insolvency) No. 1241 of 2022: Ritu Automobiles Pvt. Ltd. (Appellant) versus HDFC Bank Ltd. & Anr. (Respondents)
3. Company Appeal (AT) (Insolvency) No. 1982 of 2024: Manoj Lalwani (Appellant) versus Ritu Automobiles Pvt. Ltd. Through Liquidator & Anr. (Respondents)
The appeals challenge decisions made by the National Company Law Tribunal regarding corporate insolvency resolution proceedings. The matter involves HDFC Bank Ltd. as the financial creditor and Ritu Automobiles Pvt. Ltd. as the corporate debtor. Multiple advocates are representing the parties across all three appeals.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Indevar Pandey (Member Technical) adjourned all three appeals and listed them for the next hearing on October 9, 2026. No substantive decisions were made in this order, which was purely procedural to schedule the next hearing date.
Topics: Insolvency Proceedings, Banking Dispute, NCLAT Appeal