NCLAT Reserves Order on Daulat Ram Engineering Appeal

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

Order Date: 06.08.2026

Case Overview

This is an order from the National Company Law Appellate Tribunal (NCLAT) in Comp. App. (AT) (Ins) No. 1425 of 2026. The Appellant is Pulkit Sharma, the Suspended Director of Daulat Ram Engineering Services Private Limited. The Respondents are Hangzhou Sword Elevator Co. Ltd., represented through its Constituted Attorney Sahil Bhatia, and another unnamed respondent. The proceedings involve an appeal filed by the suspended director against the respondents, who appear to be operational creditors. The tribunal heard learned senior counsel for the appellant, Mr. K. Datta and Mr. Abhijeet Sinha, along with a large team of advocates, on the specific issues of admission of the appeal and the grant of an ad-interim stay. No appearance was marked for the respondents at this hearing.

Final Outcome

The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Arun Baroka (Member-Technical), reserved its order on the matters of admission and interim stay. The case is listed for the pronouncement of this order on 07.08.2026. The final ruling on the admission of the appeal and the request for an interim stay is therefore pending.

Topics: NCLAT, Corporate Insolvency, Interim Stay