Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard arguments from counsel for the appellants and respondents in two primary appeals: Company Appeal (AT) (Ins) No. 884 of 2026 (filed by Indian Bank) and Comp. App. (AT) (Ins) No. 813 of 2026 (filed by Vehicle Recyclers India Pvt. Ltd.). The respondents in both appeals are Siddharth Gupta & Ors. Counsel for the respondents requested and was granted two weeks to file a reply, with an advance copy to the appellant's counsel, who may then file a rejoinder within one week. A consensus was reached among all parties that this appeal (No. 884 of 2026), Appeal No. 813 of 2026, and a third appeal, CA (AT) (Ins) No. 1583 of 2024, should be connected and disposed of by a common judgment.
Final Outcome
The tribunal accepted the consensus and formally connected Appeal No. 813 of 2026 and Appeal No. 1583 of 2024 with the instant appeal (No. 884 of 2026). The tribunal clarified that since pleadings in the connected appeals are complete, no further opportunity to complete pleadings would be granted in the instant appeal. The matters are now listed for a final hearing on 28.07.2026.
Topics: Insolvency Litigation, NCLAT Procedure