Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected insolvency appeals filed against Vipul Ltd. The first appeal, Company Appeal (AT) (Ins) No.1957 of 2025, was filed by Augment Finvest Pvt. Ltd. The second appeal, Company Appeal (AT) (Ins) No.1958 of 2025, was filed by Surya Dealtrade Pvt. Ltd. Both appellants are financial creditors of Vipul Ltd. During the hearing, counsel for both parties made a candid statement that they would be sincerely endeavoring to arrive at a settlement. The tribunal acknowledged this development and agreed to adjourn the proceedings to allow the parties time to negotiate settlement terms.
Final Outcome
The NCLAT adjourned both appeals for the specific purpose of allowing settlement negotiations to proceed. The tribunal directed that the terms of settlement should be placed before it at the next hearing. Both cases have been listed for further proceedings on August 11, 2026. The outcome of the settlement negotiations will determine the future course of these insolvency proceedings.
Topics: Corporate Insolvency, Settlement Negotiations, NCLAT Proceedings