Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 29 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard four interconnected appeals related to insolvency proceedings involving VAS Infrastructure Ltd. The appeals are: Company Appeal (AT) (Ins.) No. 1430 of 2026 (Kirti Kishore Padave vs. Ashok Kumar Golechha & Anr.), Company Appeal (AT) (Ins.) No. 1431 of 2026 (Jayesh Vinodrai Valia vs. Ashok Kumar Golechha & Anr.), Company Appeal (AT) (Ins.) No. 1594 of 2026 (Ashok Kumar Golechha vs. Canara Bank), and Company Appeal (AT) (Ins.) No. 1657 of 2026 (Canara Bank vs. VAS Infrastructure Ltd. Through the Resolution Professional). All parties were represented by their counsels before the tribunal.
Final Outcome
The respondents consented to not file any replies to the appeals and agreed that all appeals should be heard at the earliest. The NCLAT accordingly listed all four appeals for final hearing on October 9, 2026, under the same caption. The bench comprised Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Topics: Insolvency Proceedings, NCLAT Appeals, Corporate Litigation