Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 17, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi issued a procedural order in Company Appeal (AT) (Insolvency) No. 1018 of 2026. The appeal involves Phoenix ARC Limited (formerly known as Phoenix ARC Private Limited) as the appellant against IndusInd Bank Ltd. & Others as respondents. The matter pertains to insolvency proceedings, though the specific nature of the dispute or allegations are not detailed in this procedural order.
Final Outcome
The Tribunal noted that no time was available to hear the appeal on September 17, 2026. Consequently, the appeal was listed for next hearing on October 12, 2026 at 2:00 PM. No substantive arguments were heard or decisions made regarding the merits of the case during this hearing.
The order was passed by a bench consisting of Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member Technical), and Mr. Ajai Das Mehrotra (Member Technical). Legal representation included Mr. Arun Kathpalia (Senior Advocate) with other advocates for the appellant, and Mr. Shadab Jan with other advocates for respondent No. 1 (IndusInd Bank Ltd.).
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceedings