NCLAT Continues Interim Order in IDBI Trusteeship Insolvency Appeals

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

Order Date: 01.07.2026

Case Overview

This order pertains to two interconnected Company Appeals (AT) (Insolvency) numbered 517 and 518 of 2025, along with several Interlocutory Applications (I.A. Nos. 1973, 1974, 1975, 3232, 3249 of 2025 & 3274, 3275 of 2026). The appellants in these cases are Udaivir Anand (in Appeal No. 517) and Santosh Kumar (in Appeal No. 518). The common respondent in both appeals is IDBI Trusteeship Services P. Ltd. & Anr. Senior Advocate Mr. Arun Kathpalia, along with advocates Mr. Sanjeev Sharma, Ms. Divya Joshi, and Mr. Aditya Dhupar, represented the respondents. Advocates Ms. Eshna Kumar, Ms. Aastha Agrawal, and Sapani K. appeared for the intervenors.

Final Outcome

The bench, comprising Justice N Seshasayee (Member-Judicial), Arun Baroka (Member-Technical), and Indevar Pandey (Member-Technical), listed both appeals for the next hearing on 11th August, 2026. The tribunal ordered that the existing interim order shall continue to remain in effect until the next date of hearing.

Topics: NCLAT, Insolvency Appeal, Interim Order