Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 14, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1744 & 1745 of 2025 along with Interim Applications No. 6044 and 6045 of 2026. The appeal involves CFM Asset Reconstruction Pvt. Ltd. as the appellant versus SDB Developers Pvt. Ltd. & Others as respondents. The matter concerns insolvency proceedings, though the specific nature of the dispute is not detailed in this procedural order.
During the hearing, Shri Arun Kathpalia, learned senior advocate appearing for Respondent No.3, requested additional time to file replies specifically regarding the interim applications (I.A. No. 6044 and 6045 of 2026). The Tribunal granted this request, allowing Respondent No.3 five days from September 14, 2026, to file their reply. The order requires an advance copy to be provided to the learned counsel for the applicant (CFM ARC), who may then file a response within two days after receiving the reply. Other respondents were also given the opportunity to file replies following the same procedure granted to Respondent No.3.
The Tribunal additionally granted liberty to the learned counsel for the applicant to serve the opposite parties with the aforesaid applications by hand (dasti service).
Final Outcome
The appeal has been adjourned and listed for further hearing on September 29, 2026, under the same caption. The order represents a procedural step allowing for the filing of necessary replies and responses before substantive hearing of the matter.
Topics: NCLAT Procedure, Insolvency Appeal, Procedural Timeline