Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 07.08.2026
Case Overview
The order pertains to three connected appeals filed before the National Company Law Appellate Tribunal (NCLAT):
- Comp. App. (AT) (Ins) No. 1340 of 2026 (Lokmani Jain vs. Tata Capital Ltd. & Anr.)
- Comp. App. (AT) (Ins) No. 1355 of 2026 (Amitabh Jain vs. Tata Capital Ltd. & Anr.)
- Comp. App. (AT) (Ins) No. 1356 of 2026 (Amitabh Jain vs. Tata Capital Ltd. & Anr.)
The appellants are Lokmani Jain and Amitabh Jain, and the primary respondent is Tata Capital Ltd., with a second unnamed respondent (Anr.). The nature of the underlying dispute is not detailed in this procedural order. The tribunal heard the learned counsel for the appellants and perused the records. After considering the submissions, the bench concluded that the matters require consideration and thus admitted the appeals.
Final Outcome
The NCLAT issued the following procedural directions:
1. Notice on behalf of Respondent No. 1 (Tata Capital Ltd.) was received by Advocate Shri Amarjit Singh Bedi.
2. Respondent No. 1 (Tata Capital Ltd.) is granted two weeks' time to file a reply.
3. The learned counsel for the appellants submitted that they would not file any rejoinder to the counter-affidavit, if filed by Respondent No. 1.
4. Notice is issued to Respondent No. 2. The appellants are directed to take necessary steps along with requisites within five working days from the order date (07.08.2026).
5. The connected appeals are listed for the next hearing on 07.09.2026.
The order was passed by a bench comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Arun Baroka (Member - Technical).
Topics: NCLAT Proceedings, Insolvency Appeals, Financial Dispute