Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 30, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1542 of 2025 along with I.A. No. 6266 of 2026. The appeal was filed by Witmans Industries Pvt. Ltd. (Appellant) against B M G Chemicals Pvt. Ltd. & Anr. (Respondents). The case appears to be related to insolvency proceedings given the case numbering convention (Ins). Legal representation was present for the respondents, including Mr. J. Rajesh, Ms Prajakta Menezes, Mr. Md. Arsalan Ahmed, Mr. Yashwardhan Aggarwal, Ms. Ashlesha Rane, and Mr. Ali Abbas Masoodi for Respondent-3, as well as Mr. Anand Shankar Jha and Mr. Shubhank Sharma representing Yes Bank. The appellant's appearance was not marked in the records.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Naresh Salecha (Member Technical) adjourned the hearing due to "No time left" and listed the matter for next hearing on October 8, 2026. The order was passed in hybrid mode.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Litigation