Case Details
Case Name: Flowstrong Drills Pvt. Ltd. vs Deep Industries Ltd.
Court/Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Case Number: Company Appeal (AT) (Insolvency) No. 226 of 2026 & I.A. No. 822 of 2026
Date of Order: 25th May, 2026
Bench Composition: Justice N Seshasayee (Member Judicial), Arun Baroka (Member Technical), Indevar Pandey (Member Technical)
Parties Involved
Appellant: Flowstrong Drills Pvt. Ltd.
Represented by: Mr. Malak Bhatt and Ms. Samridhi, Advocates
Respondent: Deep Industries Ltd.
Represented by: Mr. Gaurav Mitra, Mr. Satya Rath and Mr. Shubham Kulshreshtha, Advocates
Procedural Timeline & Directions
- Respondent filed reply belatedly on 24th May, 2026 (one day before hearing)
- Respondent permitted to file hard copy of reply by Friday, 29th May, 2026
- Respondent required to serve copy of reply on appellant
- Appellant required to file rejoinder by 29th June, 2026
- Both parties required to file written notes of submissions along with list of authorities on or before 5th July, 2026
- Registry directed to receive hard copies without reference to specific bench order
- Case listed for arguments on 23rd July, 2026
Final Ruling & Enforcement
This is a procedural order setting timelines for filing documents and scheduling the final hearing. No substantive ruling on the merits of the insolvency appeal has been made at this stage. The matter will proceed to arguments on the scheduled date of 23rd July, 2026.