NCLAT Lists IL&FS Financial Services Appeal Oct 1

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

Order Date: 28 September 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1844 of 2026, an appeal filed by Manoj Kumar Agarwal (Appellant) against IL & FS Financial Services Ltd. (Respondent No. 1) and the Resolution Professional of the Corporate Debtor (Respondent No. 2). The proceedings were conducted in hybrid mode. During the hearing, a consensus was reached between the Learned Counsel for the Appellant and Respondent No. 1 that the appeal could be disposed of finally without calling for any formal reply from the respondents.

Final Outcome

The Tribunal noted that while counsel for Respondent No. 1 was present, the Resolution Professional (Respondent No. 2) was not in attendance. The Tribunal directed the Learned Counsel for the Appellant to inform the Resolution Professional about the listing of this case. Consequently, the appeal was adjourned and listed for its next hearing on 01 October 2026 under the same caption.

Topics: Insolvency Proceedings, Legal Appeal