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Supreme Court Bars Creditors Panel Until NCLAT Explains Hearing Miss

By Drooid · Oct 29, 2026 · How we work

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Summary

The Supreme Court ordered the National Company Law Appellate Tribunal to explain its failure to hold a July 23, 2026 hearing.
Justices J B Pardiwala and K Vinod Chandran warned that non-compliance with the direction would be taken seriously.
The court barred formation of a Committee of Creditors until the tribunal provides its explanation.
A notice is returnable on November 19, 2026.
A hearing is set for November 17, 2026.

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The Supreme Court ordered the National Company Law Appellate Tribunal to explain its failure to hold a July 23, 2026 hearing.
Justices J B Pardiwala and K Vinod Chandran warned that non-compliance with the direction would be taken seriously.
The court barred formation of a Committee of Creditors until the tribunal provides its explanation.
A notice is returnable on November 19, 2026.
A hearing is set for November 17, 2026.