Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 30th July 2026
Case Overview
This is an order in Company Appeal (AT) (Insolvency) No. 1366 of 2026. The Appellant is Aayush Prashant Agarwal, the Suspended Director of Epic Yarns Pvt. Ltd. The Respondents are Uma Exports Ltd. & Anr. The learned counsel for the Appellant informed the tribunal that settlement talks between the parties are ongoing. The bench, comprising Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member (Technical)), and Ajai Das Mehrotra (Member (Technical)), heard the matter in hybrid mode.
Final Outcome
The NCLAT issued a formal notice to the Respondents. The counsels for both Respondents were present. The tribunal directed the Respondents to file their reply to the appeal within four weeks. The Appellant is to file a rejoinder within two weeks after the reply is submitted. The appeal has been listed for its next hearing on 28th September 2026 for further proceedings.
Topics: Insolvency Appeal, NCLAT, Corporate Litigation