Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 30 October 2026
Case Overview
This order addresses procedural matters in two interconnected Company Appeals (AT) (Ins.) No. 1661 of 2026 and No. 1689 of 2026. The first appeal is filed by Mukesh Kumar Grover, the Resolution Professional of Vayam Technologies Ltd., against Ebix Vayam Technologies Pvt. Ltd. & Anr. The second appeal is filed by Asset Care and Reconstruction Enterprise Ltd. against Ebix Vayam Technologies Pvt. Ltd. & Ors. The appeals arise from insolvency proceedings. Counsel for Respondent No. 1 (Ebix Vayam Technologies Pvt. Ltd.) requested an additional opportunity to file a reply. The tribunal also addressed the status of service of notice on Respondent No. 2, BSNL, which was stated to be in transit and not yet served. The appellant's counsel showed urgency regarding this matter.
Final Outcome
The NCLAT granted Respondent No. 1 (Ebix Vayam Technologies Pvt. Ltd.) a final extension of three working days to file its reply, explicitly stating that no further opportunity would be given if this deadline was missed. Regarding Respondent No. 2 (BSNL), the tribunal permitted service of notice to be effected by hand (Dasti) due to the urgency shown by the appellant's counsel, directing that steps for this must be taken within 24 hours. The appellant was also permitted to file an appropriate application with an advance copy to the respondents' counsel. Both appeals were listed for their next hearing on 5 November 2026.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Debt