Case Details

Case Name: Multiple Company Appeals against Resolution Professional of Hindusthan National Glass & Industries Ltd

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

Case Numbers: Company Appeal (AT) (Insolvency) Nos. 1340, 1342, 1343, 1344, 1346, 1347, 1353-1355, 1356-1358, 1333, 1497, 1498, 1514, 1543, 1544, 1546 of 2025, and Comp. App. (AT) (Ins) No. 1595 of 2025 with I.A. No. 6265 of 2025

Order Date: 14th May, 2026

Parties Involved

Appellants:

  • Exclusive Capital Ltd (in multiple appeals)
  • Mukul Somany & Anr. (in multiple appeals)
  • Spotlight Vanijya Ltd
  • Soneko Marketing Pvt. Ltd
  • Jeel Kandla Service
  • Annasaheb K. Navle & Ors.
  • AGI Greenpac Ltd (in multiple appeals)
  • Nashik Workers Union, Through Santosh Vasant Kulkarni

Respondents:

  • Girish Sriram Juneja, Resolution Professional of Hindusthan National Gas & Industries Ltd (R-1/RP)
  • Committee of Creditors represented by INSCO (R-3)
  • Various other respondents

Legal Representatives:

  • For Appellants: Multiple advocates including Mr. Pranjit Bhattacharya, Ms. Sonali Jain, Mr. Anuj Tiwari, Ms. Pratiksha Sharma, Mr. Ayyam Perumal Karthik, Mr. Pawas Kulshrestha, Ms. Gayatri Singh (Sr. Advocate)
  • For Respondents: Mr. Arun Kathpalia (Sr. Advocate), Mr. Vikram Wadehra, Mr. Ritin Rai (Sr. Advocate), Mr. Abhimanyu Bhandari (Sr. Advocate)
  • Intervenor: Mr. Yadunath Bhargavan and Mr. Akshay Chandra

Final Ruling & Enforcement

The National Company Law Appellate Tribunal listed all these interconnected appeals for further hearing on 28th May, 2026, with arguments to continue on 29th May, 2026. The cases were directed to be listed "high on board" indicating priority hearing. The order does not contain any substantive rulings on the merits of the appeals, but rather constitutes a procedural scheduling order for continuation of arguments.

The appeals challenge various actions and decisions of the Resolution Professional, Girish Sriram Juneja, in the corporate insolvency resolution process of Hindusthan National Glass & Industries Ltd. The matters involve multiple stakeholders including financial creditors, operational creditors, and a workers union, indicating broad-based disputes in the insolvency resolution process.