Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 2, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1938 of 2025 along with interim applications I.A. No. 7467, 7554, and 7555 of 2025. The appeal was filed by Krupasindhu Mandal, the ex-director of UTM Engineering Pvt. Ltd., against Rajesh Jangra (the then Resolution Professional of UTM Engineering Pvt. Ltd.) and other respondents. The matter pertains to the corporate insolvency resolution process of UTM Engineering Pvt. Ltd., with the appellant challenging actions taken by the Resolution Professional.
Final Outcome
The bench, comprising Justice N. Seshasayee (Member-Judicial), Arun Baroka (Member-Technical), and Indevar Pandey (Member-Technical), noted that notice on the interim applications had been delivered but none of the respondents had entered appearance. The tribunal adjourned the hearing and listed the appeal for the next hearing on July 13, 2026. No substantive orders were passed on the merits of the case.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Law