Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 976 of 2026 along with I.A. No. 4418 of 2026. The appeal involves Usha as the appellant versus Rakesh Kumar Tulsyan (Interim Resolution Professional of SVP Textiles Ventures Pvt. Ltd.) and other respondents. The case appears to be an insolvency matter related to SVP Textiles Ventures Pvt. Ltd. During the hearing on September 9, 2026, no advocate appeared on behalf of the appellant Usha. Multiple advocates represented respondent number 3: Mr. Avinash Khamolkar and Mr. Rajesh. Other respondents were represented by Mr. J. Rajesh, Mr. Dhrupad Vaghani, Ms. Gayatri Mohite, Md. Arshalan Ahmed, Mr. Yashwardhan Aggarwal, Mr. Ashwath Reddy, and Mr. Ali Abbas Masoodi.
The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member Technical), and Mr. Ajai Das Mehrotra (Member Technical). The order was passed in hybrid mode.
Final Outcome
The NCLAT listed the appeal for the next hearing on November 4, 2026. No substantive decisions on the merits of the case were made in this order, which served primarily to schedule the next hearing date.
Topics: Insolvency Appeal, NCLAT Proceedings, Textiles Company