Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three interconnected company appeals involving Ritu Automobiles Pvt. Ltd., HDFC Bank Ltd., and Manoj Lalwani. The appeals are Company Appeal (AT) (Ins.) No. 1159 of 2022 (Ritu Automobiles vs. HDFC Bank), Company Appeal (AT) (Ins.) No. 1241 of 2022 (Ritu Automobiles vs. HDFC Bank & Anr.), and Company Appeal (AT) (Ins) No. 1982 of 2024 (Manoj Lalwani vs. Ritu Automobiles Through Liquidator & Anr.). The matters appear to relate to insolvency proceedings given the "(Ins.)" designation in the appeal numbers. Legal representation included Mr. Palash S. Singhai and Mr. Harshal Sareen for the appellants, and Mr. Sandeep Bajaj, Mr. Asav Rajan, Mr. Mayank Biyani, Mr. Devang Shrotriya, Mr. Kashish Chadha, and Ms. Tanishka Kapoor for the respondents.
Final Outcome
The tribunal adjourned all three appeals due to "paucity of time" and listed them for next hearing on November 16, 2026. The order was passed by Justice Sharad Kumar Sharma (Member Judicial) and Indevar Pandey (Member Technical). No substantive decisions were made in this hearing.
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