Vistar Construction Appeals NCLAT Order Against Pragati Impex

Case Name: Vistar Construction Pvt. Ltd. vs. Pragati Impex India Pvt. Ltd. & Anr.

Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi

Case Number: Comp. App. (AT) (Ins) No. 971 of 2026

Date of Order: 29th May, 2026

Appellant(s): Vistar Construction Pvt. Ltd.

Respondent(s): Pragati Impex India Pvt. Ltd. & Anr. (R1 and R2)

Legal Counsel for Appellant: Mr. Vaibhav Gaggar, Senior Advocate with Abhishek Nair, Mr. Akhil Shankhwar, Vardan Mittal, Advocates

Legal Counsel for Respondents: Mr. Ridhima Verma, Shashwat Tripathi, Madhu Ayachit, Aparajita Singh, Advocates

This is a procedural order for an appeal filed against an impugned order. The Tribunal directed the following:

This appeal (Comp. App. (AT) (Ins) No. 971 of 2026) is to be connected with CA (AT) (Ins) No. 452 of 2026.
Learned Counsel for Respondent 2 (R2) accepted notice.
Notices are to be issued to Respondent 1 (R1) and Respondent 3 (R3).
The Tribunal noted that an interim order was already passed on 10th March, 2026, in the connected case (CA (AT) (Ins) No. 452 of 2026).
The interim order from the connected case shall operate with the same effect for this appeal.
Respondents are given three weeks to file their reply.
The case is listed for the next hearing on 09th July, 2026, in Court III.

The order was passed by a bench comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member (Technical)).