PTC Engineering NCLAT Appeal Adjourned to October 13

Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: 22 September 2026

Case Overview

This order concerns two connected appeals (Comp. App. (AT) (Ins) No. 1522 of 2026 and Comp. App. (AT) (Ins) No. 1523 of 2026) filed by PTC Engineering India Pvt. Ltd. (Appellant) against Dharmendra Kumar, the Liquidator of Nipman Fasteners Industries Pvt. Ltd., and another respondent. The matter relates to the liquidation proceedings of Nipman Fasteners Industries Pvt. Ltd. The Tribunal heard arguments from counsel regarding the filing of pleadings. Counsel for the respondents brought to the Tribunal's notice that despite their reply being filed within the stipulated time, the appellant had not filed a rejoinder. Counsel for the appellant countered this submission, stating that they had received the reply only two days prior to the hearing and were therefore not in a position to file the rejoinder.

Final Outcome

The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Ajai Das Mehrotra (Member-Technical), granted the appellant one week to file the rejoinder. The Tribunal made it clear that no further time for this purpose would be granted. The matter was listed for the next hearing on 13 October 2026. The Tribunal also ordered that any interim order already in operation would remain in force until the next date of listing.

Topics: NCLAT Proceeding, Corporate Insolvency, Litigation Timeline