Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard matters related to Comp. App. (AT) (Ins) No. 518 of 2025, an insolvency appeal filed by Santosh Kumar against IDBI Trusteeship Services Pvt. Ltd. and another respondent. The appeal is being heard alongside a connected matter, Comp. App. (AT) (Ins) No. 517 of 2025 filed by Udaivir Anand against the same respondents. The appellant Santosh Kumar was represented by Senior Advocate Mr. Ramji Srinivasan along with other counsel, while the respondents were represented by Mr. Sanjeev Sharma and others. The Interim Resolution Professional (IRP) was represented by Mr. Rachit Rajan.
Final Outcome
The Tribunal adjourned the hearing for I.A. No. 3274 of 2026 and I.A. No. 5865 of 2026 (interlocutory applications) in Comp. App. (AT) (Ins) No. 518 of 2025 to 15 September 2026, listing them as the first case for the appellant's rejoinder arguments. The Tribunal specifically requested the appellant's counsel to conclude his rebuttal submissions on the scheduled date to ensure compliance with the order of the Supreme Court of India at the earliest.
Topics: NCLAT Proceedings, Insolvency Appeal, Adjournment