Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi

Order Date: 29 September 2026

Case Overview

This is a procedural order from the NCLAT Principal Bench concerning the corporate insolvency resolution process of Button Industries Private Ltd. Three separate appeals have been filed with the tribunal:

  • Comp. App. (AT) (Ins) No. 1835 of 2026: Filed by Wellfin Corporation and Madhav Solar Pvt. Ltd. against Bhavan Trivedi (the Erstwhile Resolution Professional of Button Industries Private Ltd.) and Others.
  • Comp. App. (AT) (Ins) No. 1852 of 2026: Filed by the Committee of Creditors (CoC) of Button Industries Pvt. Ltd., acting through its sole member, Neurich Nutrifoods Limited, against Wellfin Corporation and Others.
  • Comp. App. (Ins) No. 1853 of 2026: Filed by Bhavan Trivedi (the Erstwhile Resolution Professional of Button Industries Pvt. Ltd.) against the Income Tax Department and Others.

The order notes that a consensus was arrived at between the learned counsel for the parties involved.

Final Outcome

The Tribunal allowed the connection of Appeal Nos. 1852 and 1853 of 2026 with the instant appeal (1835 of 2026). Consequently, all three connected appeals were listed to be heard together on the next day, 30 September 2026, under the same caption. This is a procedural order for clubbing the appeals; no substantive decision on the merits of the disputes was rendered.

Topics: Insolvency Proceedings, NCLAT, Corporate Law