Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: July 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) issued a procedural order concerning two connected appeals filed by Maruti Koatsu Cylinders Ltd. The first appeal, Comp. App. (AT) (Ins) No. 1516 of 2025, is against Kotak Mahindra Bank Ltd. and other respondents. The second appeal, Comp. App. (AT) (Ins) No. 1517 of 2025, is against Asset Reconstruction Company of India (ARCIL) and other respondents. The nature of the underlying dispute is not detailed in this procedural order, but the case numbers indicate the matter arises from insolvency proceedings. The order was passed in a hybrid hearing mode by a bench comprising Justice N. Seshasayee (Member - Judicial) and Barun Mitra (Member - Technical).
Final Outcome
The NCLAT directed that both appeals be listed for their next hearing on July 22, 2026. This is a scheduling order and does not constitute a ruling on the merits of the appeals.
Topics: Insolvency Litigation, NCLAT Proceedings