Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 09.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard four interconnected Company Appeals (AT) (Insolvency) matters. The appeals involve VAS Infrastructure Professional Ltd undergoing corporate insolvency resolution process. The appellants include suspended directors of the corporate debtor, Kirti Kishore Padave and Jayesh Vinodrai Valia, who are challenging aspects of the insolvency process. The Resolution Professional Ashok Kumar Golechha and financial creditor Canara Bank are key respondents in these appeals. Multiple legal representatives appeared for various parties including senior advocates representing the appellants.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) adjourned the hearing of all four appeals due to time constraints. The matters were listed for next hearing on 12th October 2026 in the supplementary list. No substantive orders were passed on the merits of the cases.
Topics: Insolvency Proceedings, NCLAT Litigation, Corporate Debtor