NCLAT Refuses to Entertain Appeal as No Grounds Made Out but Keeps Legal Remedies Intact

New Tirupur Area Development Corporation Limited Vs Infrastructure Leasing & Financial Services Limited (NCLAT Delhi) The appeal was filed against the order dated 26.06.2025 passed by the Adjudicating Authority, National Company Law Tribunal, Mumbai Bench–I, in two connected applications. One application had been filed by the appellant in an insolvency proceeding, while the other was filed by Infrastructure Leasing & Financial Services Limited seeking directions for scheduled repayment by the appellant. By the impugned order, the Adjudicating Authority rejected the appellant’s appl...