Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an appeal filed by Pawan Tyagi, the Suspended Director of Machinery Corporation Limited, against Sunder Engineering Works & Anr. The appeal was registered as CA (AT) (Ins) No. 1650 of 2026. The tribunal heard arguments from learned counsel for all parties, including the appellant, the caveator/operational creditor, and the resolution professional. After reviewing the record, the bench determined that the matter requires consideration, meaning the appeal has been admitted for further hearing. However, the tribunal explicitly found no grounds to issue any interim directions or orders at this stage.
Final Outcome
The NCLAT admitted the appeal but declined to grant any interim relief. The respondents (Sunder Engineering Works & Anr.) were granted two weeks to file their reply to the appeal, with an advance copy to be provided to the appellant's counsel. The appellant may then file a rejoinder within one week after receiving the reply. The appellant's counsel was directed to provide copies of the appeal memo and all enclosures to the respondents' counsel. The matter was listed for the next hearing on 3 November 2026 under the caption 'For Admission (After Notice)'. The tribunal clarified that since no stay order was granted, any proceedings pending before any other forum would continue unimpeded.
Topics: NCLAT, Corporate Insolvency