UPSIDA Withdraws NCLAT Appeal Against Brys Hotels

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

Order Date: 06.11.2026

Case Overview

The Uttar Pradesh State Industrial Development Authority (UPSIDA) had filed an appeal (Company Appeal (AT) (Insolvency) No. 352 of 2026) against Brys Hotels Pvt Ltd. and another respondent. The nature of the underlying insolvency proceedings is not detailed in this order. During the hearing, the learned counsel for the Appellant, Ms. Ruchika Gupta, submitted that she had received instructions to withdraw the appeal as it had become infructuous. The learned counsel for the Successful Resolution Applicant (Respondent 2), Mr. Nikhil Thakur, did not object to this withdrawal.

Final Outcome

The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, dismissed the appeal as withdrawn unconditionally. Any pending interlocutory application (I.A. No. 1350 of 2026) was also dismissed.

Topics: Insolvency Appeal, NCLAT, Withdrawal