Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 10 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1056 of 2026 along with I.A. No. 4161 and 4162 of 2026. The appeal was filed by Sudarshan Aithal, suspended director of Distribution Logistics Infrastructure Pvt. Ltd., against respondents including Bank of India and others. The matter concerns insolvency proceedings against Distribution Logistics Infrastructure Pvt. Ltd.
During the hearing, the newly impleaded respondent JM Financial Asset Reconstruction Company Ltd. requested copies of the appeal documents. The tribunal directed the appellant to provide the memo of appeal along with all enclosures to this respondent on the same day.
Additionally, counsel for Respondent No. 2 (the erstwhile Interim Resolution Professional) informed the tribunal that Mr. Prashant Jain had been replaced as Resolution Professional by Mr. Trupal Kumar Patel. The tribunal acknowledged this change and directed the appellant to file an amended memo of parties reflecting Mr. Trupal Kumar Patel as the new Resolution Professional/Respondent No. 2. The tribunal provided Mr. Patel's complete details: Insolvency Registration No. IBBI/IPA-001/IP-P01186/2018-19/11907 C/505, with address at The First B/h ITC Narmada, Nr. Keshav Baug Party Plot Vastrapur, Ahmadabad, Gujarat, 380015, and email ID: cirp.distributionlogistics@gmail.com.
Final Outcome
The tribunal adjourned the case to 17 August 2026 for further hearing. The appellant was directed to file the amended memo of parties naming Mr. Trupal Kumar Patel as the Resolution Professional/Respondent No. 2 before the next hearing date. This order represents procedural directions for document sharing and party representation updates rather than a substantive decision on the merits of the insolvency appeal.
Topics: Insolvency Proceedings, NCLAT Order, Resolution Professional Change