Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard arguments in Company Appeal (AT) (Insolvency) No. 2063 of 2024 along with I.A. No. 7720 of 2024. The appeal involves Identity Science Company Ltd. as the Appellant and SonalPlasrub Industries Pvt. Ltd. as the Respondent. The proceedings were conducted in hybrid mode with legal representation from both sides. For the Appellant, advocates Mr. S.K. Sagar, Ms. Ragini Vinaik, and Ms. Anjali Sharma appeared. For the Respondent, advocates Mr. Deepak Biswas, Mr. Masoom Syed, and Mr. Mayank Rai represented the case. The bench comprised Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
The Tribunal concluded hearing arguments on 24 August 2026 and reserved its judgment. The learned counsel for the Respondent was requested to submit written submissions. The Appellant was granted liberty to file supplementary written submissions. The matter remains pending until the final judgment is delivered.
Topics: NCLAT Proceedings, Corporate Insolvency, Legal Appeal