Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi issued a procedural order in I.A. No. 5101 of 2026, which is connected to the main appeal Comp. App. (AT) (Ins) No. 662 of 2025. The appeal has been filed by Tropical Ventures Company Ltd. (Appellant) against INCAB Industries Ltd., which is represented through its Resolution Professional Pankaj Kumar Tibrewal, and Other Respondents.
The appellant was represented by Senior Advocate Mr. Krishnan Venugopal, along with advocates Mr. Dhruv M. and Mr. Avinash. The respondents were represented by advocates Mr. Vishesh Kalra and Ms. Sonia Sharma for Respondent 3 (R3), and a team of advocates including Mr. Abhishek Anand, Mr. Karan Kohli, Ms. Palak Kalra, Mr. Niraj Chamyal, Ms. Ritika Gaur, and Mr. Pulkit Joshi for the other respondents.
The order was passed in hybrid mode by a bench consisting of Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Ajai Das Mehrotra.
Final Outcome
The NCLAT bench ordered that the appeal be listed for hearing on the next day, 28 July 2026, and directed that it be placed "high on board," indicating priority in the hearing list. This is a procedural order that schedules the matter for hearing without addressing the substantive merits of the case.
Topics: NCLAT, Corporate Insolvency, Legal Proceedings