Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 27 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard six consolidated insolvency appeals (Company Appeal (AT) (Insolvency) Nos. 709, 710, 711, 729, 730, and 731 of 2024) all pertaining to the corporate insolvency resolution process of Vijay Timber Industries Pvt. Ltd. The appellants in these cases are Nakoda Logistics Private Ltd., Anandkumar P Chopra, Bhatti Jamnaram Mishrimal, Jitendra Kumar Chudiyaram Agarwal, Kesarsingh Bhursingh Chaudhary, and Shruti Timber Pvt. Ltd. All appeals are directed against Mr. Ramchandra D. Choudhary, the Resolution Professional of Vijay Timber Industries Pvt. Ltd., along with other respondents. The appeals challenge certain actions or decisions taken by the Resolution Professional during the corporate insolvency resolution process.
Final Outcome
The NCLAT Bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Arun Baroka (Member Technical) adjourned all six appeals to September 11, 2026, listing them "high on board" for the next hearing. The order was passed in hybrid mode without any substantive hearing or decision on the merits of the cases. The tribunal did not issue any interim directions or make observations on the factual or legal aspects of the disputes.
Topics: Insolvency Appeals, Adjournment, Corporate Resolution Process