Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30 September 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 case involves Witmans Industries Private Limited as the appellant versus B M G Chemicals Private Limited and others as respondents. The hearing was conducted in hybrid mode. Multiple legal representatives appeared for the respondents and Yes Bank, though appearance for the appellant was not marked. Specifically, Mr. J. Rajesh, Ms Prajakta Menezes, Mr. Md. Arsalan Ahmed, Mr. Yashwardhan Aggarwal, Ms. Ashlesha Rane, and Mr. Ali Abbas Masoodi appeared for Respondent-3. Mr. Anand Shankar Jha and Mr. Shubhank Sharma appeared for Yes Bank.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Naresh Salecha (Member Technical), noted that there was "no time left" to hear the matter. Consequently, the case was adjourned and listed for the next hearing on 08 October 2026. The order was signed by both members.
Topics: NCLAT Proceeding, Insolvency Appeal, Case Adjournment