NCLAT Lists IDBI Trusteeship Appeals for October 28

Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: October 7, 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi issued a procedural order in two connected appeals: Comp. App. (AT) (Ins) No. 518 of 2025 and Comp. App. (AT) (Ins) No. 517 of 2025. The appellants are Santosh Kumar and Udaivir Anand respectively, both appealing against IDBI Trusteeship Services Ltd. and another respondent. The order references earlier interim applications numbered I.A. No. 1976, 1977, 1978, 3250 of 2025 (for the first appeal) and I.A. No. 1973, 1974, 1975, 3232, 3249 of 2025 (for the second appeal).

Legal representation was noted with Mr. Sanjeev Sharma, Ms. Divya Joshi, and Ms. Anushree Poddar appearing for the Financial Creditor (FC), and Mr. Abhishek Taneja, Mr. Shashank Agarwal, Ms. Bhavya Khatreja, and Mr. Abhin Behl appearing for the Resolution Professional (RP). The appellants' appearance was not marked. The bench consisted of Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Naresh Salecha (Member Technical).

Final Outcome

The tribunal directed that both matters be listed for hearing on October 28, 2026, noting that this listing follows a previous order dated October 5, 2026. The order was passed in hybrid mode, indicating a combination of physical and virtual hearing. This is purely a procedural adjournment without any substantive ruling on the merits of the appeals.

Topics: NCLAT Proceedings, Corporate Insolvency