Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 08.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1436 of 2026 between Deepak Arora (Suspended Director of Standard Motocorp Pvt. Ltd.) as Appellant and Saroj Didwania (Proprietor of Creations) along with another respondent. The appeal arises from insolvency proceedings against Standard Motocorp Pvt. Ltd. The disputed amount in the case has been deposited by way of a Fixed Deposit Receipt (FDR).
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) adjourned the matter to October 27, 2026 for further hearing. The interim order previously granted in the case has been extended until the next date of hearing, maintaining the status quo or protective measures for the parties involved.
Topics: Insolvency Appeal, NCLAT Proceeding, Corporate Dispute