Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 13 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1497 of 2026, an appeal filed by Rishit Shrenik Vimawala, who is identified as the Suspended Director of Shrenik Ltd. The appellant is appealing against Yatayat Corporation India Pvt. Ltd. and another respondent. The matter was heard in hybrid mode by a bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Final Outcome
The tribunal found that the matter requires consideration and accordingly admitted the appeal. Notice was issued to the respondents. The appellant was directed to complete all necessary procedural steps along with process fee and requisites within four working days from the order date. The matter has been listed for the next hearing on 8 September 2026.
Topics: Corporate Insolvency, Director Appeals, NCLAT Proceedings