Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 29 October 2026
Case Overview
The appeal was filed by Devesh Karda, Suspended Director of Dharan Infra-EPC Limited, against Tata Capital Housing Finance Limited and other respondents. The matter concerns insolvency proceedings and specifically relates to the rejection of a Section 12A application (withdrawal of insolvency application) that was moved by the Resolution Professional. A coordinate Bench of the NCLAT had previously, on 31 August 2026 in Comp. App. (AT) (Ins) No. 06 of 2026, provided a specific mechanism for the disposal of such Section 12A applications.
Final Outcome
The NCLAT disposed of I.A. No. 7771 of 2026, permitting the appellant to bring on record the certified copy of the impugned order within 15 days. Without commenting on the merits of the case and citing judicial propriety, the bench directed that the main appeal (Comp. App. (AT) (Ins) No. 2062 of 2026) be immediately placed before the original bench that passed the order dated 31.08.2026. The appeal was listed for hearing on 30 October 2026 before Bench No. 1.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Litigation