Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard three connected matters involving Vilas Transcore Ltd. as the appellant. The matters include two company appeals under insolvency provisions (Company Appeal (AT) (Ins.) No. 1667 of 2024 and Company Appeal (AT) (Ins.) No. 1798 of 2024) and one contempt case (Contempt Case (AT) No. 7 of 2025) arising from the second appeal.
In Appeal No. 1667 of 2024, Vilas Transcore Ltd. is appealing against Rakesh Kumar Tulsyan and another respondent. In Appeal No. 1798 of 2024, the company is appealing against Rakesh Kumar Tulsyan and other respondents. The contempt case names Aesthetic Stampings & Laminations Ltd. and others as respondents.
Legal representation was noted with Mr. Malak Bhatt, Mr. Rishabh Shah, and Ms. Sukanya Joshi appearing as advocates for Vilas Transcore Ltd. in all matters. The respondents were largely unrepresented in the two appeal matters, while in the contempt case, Ms. Honey Satpal, Mr. Aniruth Purusothaman, and Ms. Pooja Singh appeared as advocates for Respondent-3/SRA.
The bench comprising Justice Yogesh Khanna (Member-Judicial) and Mr. Ajai Das Mehrotra (Member-Technical) heard the matters in hybrid mode.
Final Outcome
The NCLAT bench adjourned all three matters to 18 August 2025 at 02:00 PM for next hearing. The tribunal specifically directed that the interim orders currently in effect shall continue to remain operative in both appeals until the next date of hearing. No other substantive decisions or observations were recorded in this procedural order.
Topics: NCLAT Proceedings, Corporate Litigation, Adjournment Order