Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 28th July, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected Company Appeals involving the same parties: Worldwide Machinery Solutions Pvt. Ltd. and SREI Equipment Finance Ltd. The appeals are numbered Company Appeal (AT) (Insolvency) No. 1014 of 2026 (with I.A. No. 3784 and 4008 of 2026) and Company Appeal (AT) (Insolvency) No. 598 of 2026 (with I.A. No. 2304 and 2305 of 2026). These are cross-appeals arising from inter se disputes between the parties. The Tribunal noted that despite previous directions, the exchange of pleadings between the parties had not been completed. The bench comprised Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
The NCLAT directed the respective counsels to ensure the exchange of pleadings after furnishing their respective email addresses. Once exchanged, the response pleadings are to be placed on record. The matter has been adjourned and listed for next hearing on 14th September, 2026.
Topics: NCLAT Proceedings, Insolvency Appeals, Procedural Hearing