Case Note & Summary
The matter before the National Company Law Appellate Tribunal involved an application for early listing of Company Appeal (AT) (Insolvency) No. 418 of 2026. The appellant, Power Trust, sought to expedite the hearing due to the approaching summer vacation, with a request for the appeal to be heard in the week commencing 25.05.2026. The Tribunal noted that the appeal was already scheduled for 08.07.2026 and determined that the hearing could not be completed on 29.05.2026, the last working day before the vacation. Both parties agreed to make submissions on the next date, and the Tribunal ordered that the appeal remain listed for the previously scheduled date. Additionally, the appearance of counsel for the SRA was to be recorded in a prior order. The Tribunal's decision emphasized the need for proper scheduling in light of the summer vacation and the necessity of recording counsel appearances.
Headnote
A) Insolvency Law - Early Listing of Appeals - Request for Early Hearing - Insolvency and Bankruptcy Code, 2016 - The appellant sought an early listing of the appeal for hearing due to the impending summer vacation. The Tribunal directed that the appeal be listed on 08.07.2026, considering the inability to complete the hearing before the vacation. Held that the appeal would be heard on the specified date (Paras 2-2).
Issue of Consideration
Whether to allow early listing of Company Appeal (AT) (Insolvency) No. 418 of 2026 for hearing.
Final Decision
The Tribunal directed that the appeal be listed for hearing on 08.07.2026, acknowledging the scheduling constraints due to the summer vacation.
Law Points
- Insolvency proceedings
- early listing of appeals
- recording of counsel appearances
