NCLAT Issues Notice in Winsome Yarns Insolvency Appeal

Case Name: Ajay Kulshrestha & Ors. vs. Committee of Creditors of Winsome Yarns Ltd. & Ors.
Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
Case Number: Comp. App. (AT) (Ins) No. 999 of 2026
Order Date: 29.05.2026

Appellant(s): Ajay Kulshrestha & Ors., represented by Advocates Mr. Pawas Kulshrestha, Mr. Parv Garg, and Mr. K.S. Rekhi.
Respondent(s): Committee of Creditors of Winsome Yarns Ltd. & Ors., with Respondent 2 (R2) represented by Advocates Ms. Honey Satpal and Mr. Akash Agarwalla.

The NCLAT bench, comprising Justice Ashok Bhushan (Chairperson) and Indevar Pandey (Member (Technical)), passed the following procedural order:

Notice was issued to the respondents.
Counsel for the respondent(s) appeared and accepted the notice.
The respondent(s) are directed to file their reply to the appeal within three weeks from the order date (29.05.2026).
The appellant(s) may file a rejoinder, if any, within two weeks after the reply is filed.
The appeal is listed for the next hearing on 05.08.2026.
As an interim measure, the implementation of the resolution plan for Winsome Yarns Ltd. is allowed to continue. However, this implementation is explicitly made subject to the final order that will be passed in this appeal.