Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 10 August 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) in an insolvency appeal. The appellant is Srei Equipment Finance Ltd. The respondents are Kitply Industries Ltd. (Respondent No. 1) and another unnamed party (Respondent No. 2). The case is registered as Comp. App. (AT) (Ins) No. 1350 of 2026. The order is a procedural update following a hearing conducted in hybrid mode.
Final Outcome
The tribunal noted that notice had been received by the advocates for both respondents. Mr. Sanjay Bhatt acknowledged notice for Respondent No. 1 (Kitply Industries Ltd.), and Ms. Aakansha acknowledged notice for Respondent No. 2. The respondents prayed for and were granted an extension of ten days to file their reply to the appeal. The appellant, Srei Equipment Finance Ltd., was granted a subsequent three days to file a rejoinder to the respondents' replies. The matter has been adjourned and is next listed for hearing on 3 September 2026. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical).
Topics: Insolvency Appeal, NCLAT, Procedural Order