Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 09.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Company Appeal (AT) (Insolvency) No. 976 of 2026 along with I.A. No. 4418 of 2026. The appeal involves Usha as the appellant versus Rakesh Kumar Tulsyan (Interim Resolution Professional), SVP Textiles Ventures Pvt. Ltd. and other respondents. The hearing was conducted in hybrid mode with multiple advocates representing various respondents, including Mr. J. Rajesh, Mr. Dhrupad Vaghani, Ms. Gayatri Mohite, Md. Arshalan Ahmed, Mr. Yashwardhan Aggarwal, Mr. Ashwath Reddy, Mr. Ali Abbas Masoodi for some respondents, and Mr. Avinash Khamolkar with Mr. Rajesh representing Respondent-3. No representation was noted for the appellant.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member - Technical), and Mr. Ajai Das Mehrotra (Member - Technical) ordered the appeal to be listed for next hearing on 04.11.2026. The order represents a procedural adjournment without substantive ruling on the merits of the insolvency case.
Topics: Insolvency Proceedings, NCLAT Adjournment