Case Details
- Case Name: SREI Equipment Finance Ltd. vs. Hajib Raghavan Viswanath
- Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
- Case Number: Comp. App. (AT) (Ins) No. 980 of 2026 & I.A. No. 3892 of 2026
- Order Date: May 27, 2026
Parties Involved
- Appellant(s): SREI Equipment Finance Ltd.
- Respondent(s): Hajib Raghavan Viswanath
- Representation: For Appellant: Mr. Siddhant Buxy and Mr. Kushagra Dash, Advocates.
Issues / Allegations / Violations
The appeal arises from the Corporate Insolvency Resolution Process (CIRP) of an unspecified corporate debtor. The appellant, SREI Equipment Finance Ltd., had filed a claim in this CIRP. Subsequently, the appellant communicated with the Resolution Professional (RP) seeking liberty to withdraw its previously submitted claim. The Resolution Professional did not accept this prayer. The appellant then filed an Interlocutory Application (I.A.) before the National Company Law Tribunal (NCLT), which was rejected by an order dated April 6, 2026. The current appeal is filed against this impugned NCLT order.
Final Ruling & Enforcement
The NCLAT passed the following procedural orders:
- I.A. No. 3892 of 2026: An application for condonation of an 8-day delay in filing the appeal was allowed. The delay was condoned.
- I.A. No. 3891 of 2026: An application praying for ad-interim ex-parte relief was considered. Notice was issued on this application. The respondent is to file a reply within three weeks. A rejoinder, if any, is to be filed within two weeks thereafter.
- Comp. App. (AT) (Ins) No. 980 of 2026: Notice was issued on the main appeal. The respondent is to file a reply within three weeks. A rejoinder, if any, is to be filed within two weeks thereafter.
- Next Hearing: The appeal is listed for further hearing on July 30, 2026.
The tribunal noted that the appellant's submissions "need scrutiny" but did not make any final determination on the merits of the case at this stage.