NCLAT Reserves Judgment in Stemztech Industries Appeal

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

Order Date: 28.10.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard arguments in Comp. App. (AT) (Ins) No. 1568 of 2026 between appellant Santu Karar and respondent Stemztech Industries Pvt. Ltd. & Anr. The tribunal accepted an additional affidavit filed by the Financial Creditor on record. After hearing arguments from both parties' legal counsel, the bench concluded arguments and reserved judgment.

Final Outcome

The tribunal reserved its judgment and granted both parties the option to file written submissions within three days from the order date (28.10.2026). These submissions must not exceed 3-4 pages and must use Times New Roman font with size 14. Any existing interim order remains in operation until the next date of listing. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical).

Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Litigation