Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two combined appeals filed by Vilas Transcore Ltd. The appeals were registered as Company Appeal (AT) (Insolvency) No. 1667 of 2024 and Company Appeal (AT) (Insolvency) No. 1798 of 2024. The appellant, Vilas Transcore Ltd., was represented by senior counsel Mr. Abhijeet Sinha along with other advocates. The respondents, including Rakesh Kumar Tulsyan and others, were represented by senior advocates Mr. Vaibhav Gaggar and Mr. Gaurav Mitra along with their respective legal teams. The appeals were heard alongside Contempt Case (AT) No. 7 of 2025, which was connected to Company Appeal (AT) (Insolvency) No. 1798 of 2024. The bench comprised Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
After hearing arguments from both sides, the Tribunal reserved its judgment. No final ruling or decision was issued in this order, as the matter remains under consideration by the bench.
Topics: Insolvency Proceedings, NCLAT Appeal, Corporate Litigation