Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 690 of 2026 along with connected Interim Application I.A. No.2691 of 2026. The appeal has been filed by Anurag Jain in his capacity as the Resolution Professional of Vemb Lifestyle Pvt. Ltd. The respondents in the matter are The Tax Recovery Officer-III and another party (Respondent No. 2). The matter involves insolvency proceedings concerning Vemb Lifestyle Pvt. Ltd.
During the hearing conducted in hybrid mode, the tribunal noted that notice had been served on both respondents. Learned counsel for Respondent No. 1 requested additional time to file a reply specifically to the interim application (I.A. No.2691 of 2026).
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, granted Respondent No. 1 two weeks from July 30, 2026, to file their reply to the interim application. The appellant was given a subsequent two-week period to file any rejoinder. The appeal has been listed for next hearing on September 17, 2026, specifically for hearing on the application. No substantive decision on the merits of the case was made in this order.
Topics: Insolvency Appeal, Tax Recovery, NCLAT Proceeding