Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 29 July 2026
Case Overview
This order pertains to an insolvency appeal (Comp. App. (AT) (Ins) No. 1357 of 2026) filed by Pitambar Solvex Pvt. Ltd. (Appellant) against Manju Sharma & Ors. (Respondents). The Tribunal heard arguments from Senior Advocate Mr. Vivek Sibal for the appellant and Advocate Mr. Amol Vyas for respondent nos. 1 and 3. After considering submissions, the bench found the matter required consideration and admitted the appeal for hearing.
Final Outcome
The NCLAT issued a procedural timeline for the appeal's progression. Respondent nos. 1 and 3 are granted seven days from the order date (29.07.2026) to file their reply to the appeal, with an advance copy to the appellant's counsel. The appellant is then granted four days to file a rejoinder. The appeal is listed for final disposal on 11 August 2026. The bench explicitly stated that no further time for completing proceedings would be granted. Additionally, based on a consensus between the counsels, the parties were permitted to make a joint request before the NCLT to adjourn a matter listed before it on the order date to a date beyond 11 August 2026.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Litigation