Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 29th June, 2026
Case Overview
This is an appeal (Comp. App. (AT) (Ins) No. 1086 of 2026) filed by Harshvardhan Singhania against an order related to the corporate insolvency resolution process of Brick2wall Infratech Pvt. Ltd. The core of the dispute lies in the appellant's reply to a demand notice. The appellant received a demand notice dated 06.06.2025. In reply, issued on 29.06.2024, the appellant relied on clauses 2.3 and 2.4 of a circular dated 23.08.2023. The appellant communicated that the concerned department was not releasing the payment due to the lack of source approval, which was the stated reason for the non-payment. The respondent's counter-argument is that for a dispute to be valid, it must have existed on a date prior to the issuance of the demand notice, and therefore, the appellant's reply is not relevant.
Final Outcome
The NCLAT bench, comprising Justice Ashok Bhushan (Chairperson) and Mr. Barun Mitra (Member (Technical)), admitted the appeal for hearing. The tribunal issued a notice to the respondents and set a timeline for filing pleadings: the respondents are to file their reply within two weeks, and the appellant may file a rejoinder within one week thereafter. The case has been listed for the next hearing on 29th July, 2026. As an interim measure, the tribunal directed that the Interim Resolution Professional (IRP), who had already made a publication pursuant to the order under appeal, may proceed to collate claims. However, the IRP is expressly barred from taking any further steps in the process, including the constitution of the Committee of Creditors (CoC), until further orders.
Topics: Insolvency Appeal, Demand Notice Dispute