NCLAT Defers Yes Bank Insolvency Appeals to July 13

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

Order Date: 08 July 2026

Case Overview

This order addresses a cluster of six interconnected Company Appeals (AT)(Insolvency) filed against orders from the Adjudicating Authority (NCLT) related to the Corporate Insolvency Resolution Process (CIRP) of corporate debtors involving Yes Bank Ltd. as a financial creditor. The appellants are Infosoft Global Pvt. Ltd. (filing two appeals), RDG Enterprises Pvt. Ltd. (filing two appeals), Nakul Himatsingka (Suspended Director of Ideal Real Estate Pvt. Ltd.), and Unique Realtor Pvt. Ltd. The core procedural issue identified by the NCLAT is that the Adjudicating Authority, in its order admitting the corporate debtor(s) to CIRP, appointed an individual as the Resolution Professional (RP) who was deceased on the date of the order. This fact had been brought to the Adjudicating Authority's attention beforehand via an application (IA No.1772 of 2025), which was subsequently allowed on 19 May 2026 to correct the appointment. However, the impugned orders being appealed, which were passed on 22 June 2026, overlooked this correction and did not incorporate the substitution of the deceased RP, rendering the impugned orders ineffective.

Final Outcome

The NCLAT acknowledged the urgency expressed by the appellants but did not grant immediate interim relief. It noted that since the impugned order has not been rectified to substitute the deceased RP, the appellants are currently in a "safe zone." The tribunal deferred the matter, listing all appeals for the next hearing on 13 July 2026. The purpose of the next hearing will be limited to considering whether any interim relief is necessary and the nature of such relief.

Topics: Insolvency Proceedings, NCLAT Appeal, Resolution Professional Appointment