Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1065 of 2026 along with I.A. No. 4195 and 4196 of 2026. The appellants are Mehulkumar Arvindbhai Patel & Others, while the respondent is Vikash Jain in his capacity as the Liquidator of MAP Refoils India Ltd. The matter represents an appeal against orders or actions related to the liquidation proceedings of MAP Refoils India Ltd.
During the hearing, Shri Tushar Singh appeared and received notice on behalf of the sole Respondent, Central Bank of India. The tribunal granted his request for additional time to file a response to the appeal.
Final Outcome
The NCLAT granted the Central Bank of India two weeks from July 3, 2026 to file its short reply/reply to the appeal memorandum, along with the necessary Power of Attorney/Vakalatnama. The appellant's counsel was directed to provide a complete copy of the appeal memorandum with all enclosures to the respondent's counsel immediately via email.
The tribunal also addressed a discrepancy in the cause list, noting that Mr. Monaal Davawala's name was incorrectly listed as counsel for the respondent when he was not actually involved in the case. The Registry was directed to correct this error before the next hearing.
The matter was adjourned and listed for further hearing on July 24, 2026. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical).
Topics: Insolvency Appeal, NCLAT Procedure, Liquidation Proceedings