Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard four interconnected Company Appeals filed under insolvency provisions. The appellant in all cases is Sanjay Gupta, who is appealing against respondents Aruna Sikdar and another unnamed party. Each appeal has associated Interim Applications (I.A.) pending:
- Company Appeal (AT) (Insolvency) No. 326 of 2026 with I.A. Nos. 1233, 1234, 1235, and 3054 of 2026
- Company Appeal (AT) (Insolvency) No. 328 of 2026 with I.A. Nos. 1236, 1237, 1238, and 1239 of 2026
- Company Appeal (AT) (Insolvency) No. 657 of 2025 with I.A. Nos. 2559, 2560, and 2561 of 2025
- Company Appeal (AT) (Insolvency) No. 416 of 2026 with I.A. Nos. 1593, 1594, and 1595 of 2026
Representation included Mr. Yogesh Kumar Dubey advocating for the appellant Sanjay Gupta across all appeals. For the respondents, Mr. Adish Srivastava and Ms. Akshara Alok represented Respondent-2, while Mr. Milan Singh Negi and Ms. Aditi Sharma represented Respondent-1/Resolution Professional.
The bench comprised Justice N Seshasayee (Member-Judicial) and Arun Baroka (Member-Technical). The proceedings were conducted in hybrid mode.
Final Outcome
The NCLAT bench adjourned all four appeals and their associated interim applications. The matters are now listed for the next hearing on August 10, 2026. No substantive decisions or rulings on the merits of the cases were made in this order.
Topics: NCLAT Proceedings, Insolvency Appeals, Adjournment