Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08.09.2026
Case Overview
This order addresses two Interlocutory Applications (I.A. No. 6266 and 6275 of 2026) within a larger insolvency appeal (CA (AT) (Ins) No. 1542 of 2025). The appellant is Witmans Industries Pvt. Ltd., and the respondents are B M G Chemicals Pvt. Ltd. & Anr. The primary matter before the tribunal was an application (IA No. 6275 of 2026) filed by Chemical Corporation Pvt. Ltd. seeking to be impleaded in the appeal. The applicant argued it was an operational creditor and the largest creditor by amount involved. It also stated it had been asked to join the proceedings by the Learned Adjudicating Authority and therefore had an interest in the appeal's outcome. Counsel for the opposite parties stated they had no objection to the impleadment.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), allowed IA No. 6275 of 2026. Chemical Corporation Pvt. Ltd. was impleaded as Respondent No. 3 in the appeal. The appellant (Witmans Industries) was directed to immediately file an amended memo of parties. A second application (IA No. 6266 of 2026), also filed by Chemical Corporation Pvt. Ltd., sought a stay on the proceedings of I.A.(IBC) (PLAN)/68/2026 in CP (IB)/686(MB)2025 pending before the Adjudicating Authority. The tribunal did not rule on this stay application but instead provided an opportunity for the appellant and the original respondents to file their responses. The matter was listed for next hearing on 10.09.2026 for the disposal of IA No. 6266 of 2026.
Topics: Insolvency Proceedings, Creditor Rights