Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 01.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued a procedural order in Company Appeal (AT) (Ins) No. 1688 of 2025. The appeal has been filed by the Securities and Exchange Board of India (SEBI) against respondents Nageshwara Rao. Y. & Ors. The order notes that Respondent Nos. 1, 2, and 3 have already filed their counter affidavits in the matter.
Final Outcome
The tribunal has directed the appellant (SEBI) to file a rejoinder to the counter affidavits filed by the respondents. The appeal has been listed for next hearing on October 30, 2026. The order was passed by a bench consisting of Justice Sharad Kumar Sharma (Member - Judicial), Arun Baroka (Member - Technical), and Indevar Pandey (Member - Technical).
Topics: SEBI Appeal, NCLAT Procedure, Insolvency Matter