# Smt. Kampalapura Narasimaiah Jayalakshmi & Ors. vs. M/s. Vistara Media Private Limited & Anr.

> NCLAT judgment dated 2026-09-23. Citation: TCN-2026-NCLAT-00271. An appeal was filed challenging the dismissal of an application by the appellants (claiming…

- **Court:** NCLAT
- **Order date:** 23 Sept 2026
- **Citation:** TCN-2026-NCLAT-00271
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-chennai/smt-kampalapura-narasimaiah-jayalakshmi-vs-ms-vistara-media-private-limited-v0rq9

## Summary

### Background

An appeal was filed challenging the dismissal of an application by the appellants (claiming to be majority shareholders) to be impleaded in a Section 7 petition under the I&B Code, 2016, filed by a financial creditor (M/s. Mysore Mercantile Company Ltd.) against M/s. Vistara Media Private Limited. The appeal was filed with a 15-day delay, for which an application for condonation was pending.

## Facts

An appeal was filed challenging an order dismissing the appellant's application to implead themselves in a petition under Section 7 of the I & B Code, 2016.

The appellant claims himself to be a majority shareholder of M/s. Vistara Media Private Limited.

The financial creditor (M/s. Mysore Mercantile Company Ltd.) is stated to be a minority shareholder.

The appeal was filed with a delay of 15 days.

IA No.924/2026 was taken out for condonation of this delay.

The matter was heard and reserved for orders on 31.08.2026.

The appellant filed a memo dated 05.09.2026.

The memo stated that the main CP(IB) No.21/BB/2025, which was filed under Section 7 of the I & B Code, 2016, was withdrawn.

## Issues and analysis

### Issue 1: Whether the appeal, challenging the dismissal of an impleadment application in a Section 7 …

**Ratio:** An appeal challenging an interlocutory order (such as an impleadment application) in a

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**Reasoning:** The appellant filed a memo stating that the main CP(IB) No.21/BB/2025, which was filed

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**Interpretation:** The legal basis for the appeal ceases to exist once the primary case it relates

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**Application:** Since the Section 7 petition, in which the appellant sought impleadment, has

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## Parties

- **Judges:** N. Sesha…; Jatindranat…
- **Appellants:** Kampalapura…; Sri. Kampalapura…; +1 more
- **Respondents:** M/s. Vistara…; M/s. Mysore…
- **Advocates:** S. R…; S. Indumath…; +1 more

## Timeline

- **2026-08-31 — Hearing and Reservation…**: The matter regarding IA No.924/2026 (for condonation of delay) was heard and reserved for…
- **2026-09-05 — Memo Filed by…**: The appellant filed a memo stating that the main CP(IB) No.21/BB/2025, filed under…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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