Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 21 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard six connected appeals filed against Yes Bank Ltd by various corporate entities and their directors. The appeals comprise Comp. App. (AT) (Ins) Nos. 1096, 1097, 1098, 1100, 1101, and 1102 of 2026, along with interim applications I.A. Nos. 4307, 4787, and 4799 of 2026.
The appellants include Infosoft Global Pvt. Ltd (in two appeals), RDG Enterprises Pvt. Ltd (in two appeals), Nakul Himatsingka (Suspended Director of Ideal Real Estate Pvt. Ltd), and Nakul Himatsingka (Suspended Director of Ideal Unique Realtor Pvt. Ltd). All appeals are directed against Yes Bank Ltd as the primary respondent, with some cases including additional respondents.
Legal representation involved multiple senior advocates: Mr. Gaurav Mitra represented most appellants; Mr. Anand Shankar Jha represented Yes Bank in multiple cases; Mr. Abhijeet Sinha represented Nakul Himatsingka; Mr. Vaibhav Gaggar and Mr. Gopal Jain also appeared for respondents in some appeals. The tribunal noted that arguments had commenced previously, with oral directions for stay issued since July 8, 2026.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) ordered:
- All appeals listed for fresh hearing on July 30, 2026
- Interim stay on insolvency proceedings continued until next hearing date
- IRP (Interim Resolution Professional) directed not to proceed further until next date
- Notices issued in I.A. Nos. 4787 and 4799 of 2026 to respondents
The order maintains the status quo in the corporate insolvency resolution processes against the appellant companies until the next hearing.
Topics: Insolvency Proceedings, Banking Disputes, Corporate Debt