Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 15.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an insolvency appeal filed by Bharat Ajay Jaisinghani, the suspended director of Polycab India Limited, against Asier Metals Pvt. Ltd. and another respondent. The appeal was registered as Company Appeal (AT) (Insolvency) No. 1940 of 2026. The hearing was conducted in hybrid mode with representation by senior advocates for both parties - Mr. Arun Kathpalia and Mr. Abhijeet Sinha for the appellant, and Mr. Krishnendu Datta for the respondents.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) reserved judgment in the matter. The interim order that was previously in place will continue to remain operative until the date of pronouncement of the final judgment.
Topics: Corporate Insolvency, NCLAT Proceedings