Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 7, 2026
Case Overview
The appeal (Comp. App. (AT) (Ins) No. 1568 of 2026) involves Santu Karar as the appellant against Stemztech Industries Pvt. Ltd. & Anr. as respondents. The matter concerns insolvency proceedings, though the specific nature of the dispute is not detailed in this procedural order. The tribunal heard arguments from Mr. Animesh Paul representing the appellant and a team of advocates including Mr. Kumarjit Banerjee, Ms. Sanchari Chakraborty, Mr. Devanshu Lahiry, Mr. Aadil Naushad, Mr. Garv Harjai, and Mr. Rishabh Mishra representing the first respondent.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) granted Stemztech Industries a final one-week extension to file their reply, with an advance copy to be provided to the appellant's counsel. The appellant was given four days thereafter to file a rejoinder if desired. The tribunal explicitly warned that no further time for completion of pleadings would be granted. The case was listed for next hearing on October 28, 2026.
Topics: Insolvency Appeal, Procedural Extension, NCLAT Proceedings