Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 21st July, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two interconnected Company Appeals filed under insolvency provisions. The first appeal (Company Appeal (AT) (Insolvency) No. 496 of 2025) was filed by Madan Keshavrao Atkare as the Appellant against Tata Capital Ltd. (through Navin Malik & Anr.) as Respondents. The second appeal (Company Appeal (AT) (Insolvency) No. 174 of 2025) was filed by Dinesh Keshawrao Atkare & Anr. as Appellants against Palak Swapnil Desai & Ors. as Respondents. Multiple advocates represented the parties: Mr. Rony John and Mr. Amay Dabri for the Appellant in the first case; Mr. Sudhinder, Ms. Ekta Bhasin, Ms. Aastha Trivedi, and Mr. Kanishk Pandey for the Respondents in the first case and for Respondent-4 in the second case; and Mr. Devul Dighe and Mr. Manish Jha for Respondent-5 in the second case.
The hearing was conducted in hybrid mode. The sole substantive issue addressed in this order was the unavailability of the learned arguing counsel for the appellant, which prevented the hearing from proceeding on its scheduled date.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, adjourned both appeals. The matters were relisted for a future hearing on 7th September, 2026. No substantive arguments on the merits of the insolvency cases were heard or decided in this order.
Topics: Insolvency Appeal, Adjournment, NCLAT