NCLAT Grants Shrenik Limited Respondent Extension

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

Order Date: October 16, 2026

Case Overview

This is an order from the National Company Law Appellate Tribunal (NCLAT) in Comp. App. (AT) (Ins) No. 1497 of 2026. The appellant is Rishit Shrenik Vimawala, the suspended director of Shrenik Limited. The respondents are Yatayat Corporation India Pvt. Ltd. & Anr. The nature of the proceeding is an insolvency appeal. The order is a procedural update in an ongoing matter.

Final Outcome

The NCLAT, acceding to a request from the learned counsel for the respondent (Operational Creditor), granted a two-week extension for the respondent to file its reply. The order includes a clear stipulation that no further time for this purpose shall be granted. The matter is now listed for its next hearing on October 29, 2026.

Topics: Insolvency Appeal, NCLAT Procedure