NCLAT Reserves Order on PTC Engineering Appeals

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

Order Date: 21.08.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals filed by PTC Engineering India Pvt. Ltd. (Appellant) against Dharmendra Kumar (Liquidator of Nipman Fasteners Industries Pvt. Ltd.) as Respondent No. 1 and State Bank of India as Respondent No. 2. The appeals were registered as Comp. App. (AT) (Ins) No. 1522 of 2026 and Comp. App. (AT) (Ins) No. 1523 of 2026.

During the proceedings, the tribunal also disposed of two interim applications (I.A. No. 5844 of 2026 and I.A. No. 5845 of 2026). In I.A. No. 5844 of 2026, the tribunal directed the Appellant to bring on record the certified copy of the Impugned Order within two weeks from the order date (21.08.2026). In I.A. No. 5845 of 2026, the tribunal disposed of the application with the direction that the Appellant shall file typed copies of documents when indicated by the Appellate Tribunal as not readable.

The main appeals were heard by a bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical). Representation included Mr. Abhijeet Sinha (Senior Counsel) for the Appellant, Mr. Sumant Batra (Senior Counsel) for Respondent No. 1 (Liquidator), and Mr. Harshit Khare for Respondent No. 2 (State Bank of India).

Final Outcome

The NCLAT bench reserved its order on the issue of admission of the appeals and the issuance of any interim order. The final ruling will be delivered at a later date.

Topics: NCLAT Proceedings, Corporate Insolvency, Liquidation Process