Authority: Supreme Court of India (Civil Appellate Jurisdiction)
Order Date: 21 September 2026
Case Overview
- Parties: Committee of Creditors (CoC) of Think and Learn Private Limited (appellant) vs Riju Ravindran and others (respondents).
- The CoC sought impleadment in IA No.466 of 2025 to argue inclusion/exclusion of the 4th respondent.
- NCLT had held CoC not independent; NCLAT affirmed that CoC was not a necessary party but later reversed.
- Counsel: Amit Sibal (appellant), Rohan Thawani (1st respondent), Dhruv Mehta (Resolution Professional), Kapil Sibal (4th respondent).
- The 1st respondent, through his director, indicated no objection to CoC impleadment and requested an expeditious hearing.
Final Outcome
- Supreme Court allowed the appeal, set aside the NCLAT order and the NCLT order dated 26.08.2025 in Company Petition (IB) No.149 of 2023.
- Directed NCLT to place IA No.466 of 2025 on its board within two weeks and to implead the CoC.
- Ordered that the CoC be heard expeditiously and the matter disposed of promptly.
- IA No.495 of 2025 stands allowed for impleading the CoC in IA No.466 of 2024.
- All pending applications, if any, are rejected.
Topics: Insolvency, Corporate Governance