Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 09 July 2026
Case Overview
This is an interlocutory order in Comp. App. (AT) (Ins) No. 1186 of 2026. The appellants, Dinesh Rathi and Others, are appealing against respondents including Vedamata Multiservices and Trading Pvt. Ltd. The appellants submitted that due to an inadvertent error, the Corporate Debtor (CD), M/s Rajuri Steels & YMT Bars Private Limited, was not arrayed as a respondent in the appeal, and they sought permission to rectify this by filing an impleadment/amendment application. Counsel for Respondent No. 1 (Vedamata) informed the tribunal that a decision to withdraw the petition filed by the company had been taken by its Board of Directors. Meanwhile, counsel for the Corporate Debtor, M/s Rajuri Steels & YMT Bars Private Limited, appeared through video conference and confirmed representation.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), directed the appellant to file an amended memo of parties to implead M/s Rajuri Steels & YMT Bars Private Limited (the Corporate Debtor) as Respondent No. 8. Notice was deemed received by the counsels for Respondent No. 1 and the Corporate Debtor, who were granted the liberty to file a short reply or affidavit in support of their contentions. The appellant was given three days from the order date to file the amended memo. The matter was listed for the next hearing on 14 July 2026.
Topics: Insolvency Appeal, Corporate Debtor, NCLAT Procedure