Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 01.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice N Seshasayee (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), heard two connected insolvency appeals. The appeals are Company Appeal (AT) (Insolvency) No. 517 of 2025 and Company Appeal (AT) (Insolvency) No. 518 of 2025, along with several interlocutory applications (I.A. No. 1973, 1974, 1975, 3232, 3249 of 2025 & 3274, 3275 of 2026 for the first appeal, and I.A. No. 1976, 1977, 1978, 3250 of 2025 for the second appeal).
The first appeal was filed by Udaivir Anand as Appellant against IDBI Trusteeship Services P. Ltd. & Anr. as Respondents. The second appeal was filed by Santosh Kumar as Appellant against the same respondents, IDBI Trusteeship Services P. Ltd. & Anr. Senior Advocate Mr. Arun Kathpalia along with Mr. Sanjeev Sharma, Ms. Divya Joshi, and Mr. Aditya Dhupar represented the respondents. Additional advocates Ms. Eshna Kumar, Ms. Aastha Agrawal, and Sapani K. appeared for intervenors in the matter.
The order does not specify the nature of the underlying insolvency dispute or the specific grounds of appeal, focusing instead on procedural scheduling.
Final Outcome
The Tribunal listed both appeals for next hearing on 11th August, 2026. The bench directed that the existing interim order shall continue to remain in effect until the next hearing date. This is a procedural order that maintains the status quo until the substantive hearing can take place.
Topics: NCLAT Proceedings, Insolvency Appeal, Interim Order