Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 28.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard arguments in Comp. App. (AT) (Ins) No. 662 of 2025, an appeal filed by Tropical Ventures Company Ltd. against INCAB Industries Ltd. The proceedings involve the corporate insolvency resolution process of INCAB Industries Ltd., with Pankaj Kumar Tibrewal serving as the Resolution Professional. The case represents a challenge to aspects of the insolvency resolution process, though the specific grounds of appeal are not detailed in this procedural order. Multiple legal representatives appeared for the parties, including senior advocates representing the third respondent.
Final Outcome
The NCLAT bench consisting of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) concluded hearing arguments and reserved its final order. No interim directions or observations were recorded in this procedural update. The final ruling on the appeal remains pending and will be delivered at a future date.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Resolution