NCLAT Reserves Judgment in Mayak Infrastructure Appeal

Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 14th July 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 1221 of 2026, an appeal filed by Institute of Instrumentation & Media Science and Others (Appellants) against Sudha Sarma in her capacity as the Liquidator of Mayak Infrastructure Pvt. Ltd. (Respondent). The appeal arises from insolvency proceedings against Mayak Infrastructure Pvt. Ltd. Arguments from both parties were presented through their respective counsel. Mr. Shubhranshu Padhi, Mr. Aman Varma, Ms. Riya Wasade, Mr. Ritik Sharma, and Mr. Minal Mishra represented the Appellants. Mr. Nirmal Goenka appeared for the Respondent Liquidator. The hearing was conducted in hybrid mode.

Final Outcome

The Tribunal, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical), concluded hearing arguments from both sides and reserved its judgment. The final ruling in this insolvency appeal is pending and will be delivered at a later date.

Topics: NCLAT Proceedings, Corporate Insolvency