Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 06.11.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard arguments in Comp. App. (AT) (Ins) No. 1820 of 2026 & I.A. No. 7744 of 2026. The appeal was filed by Kamlesh Kumar Upadhyay, the Suspended Director of Kashyapi Infrastructure Pvt. Ltd., against respondents including Satya Prakash Gupta, the Interim Resolution Professional (IRP) appointed for the company. The tribunal noted that parties had filed their replies online as per its earlier direction and allowed the hard copies to be taken on record.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), concluded hearing arguments from learned counsel for the appellant and respondent nos. 1, 2, and 3. The judgment has been reserved. The tribunal permitted the learned counsel for the parties to file written submissions in support of their oral arguments within seven days from the order date (06.11.2026), citing relevant case laws and judgments. These submissions were restricted to not more than 4-5 pages with specific formatting (Times New Roman, Font Size 14). The interim order currently in effect was directed to continue until the pronouncement of the final order.
Topics: Insolvency Appeal, Corporate Litigation