Company Appeal (AT) (Insolvency) No. 1366 of 2026 was filed by Aayush Prashant Agarwal, a suspended director of EPIC Yarns Pvt. Ltd. (the Corporate Debtor), challenging an NCLT order dated 23.07.2026. This NCLT order had admitted EPIC Yarns Pvt. Ltd. into the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016, and appointed Klass Insolvency Resolution Professionals Private Limited as the Interim Resolution Professional (IRP). The Appellant and Uma Export Limited (the Operational Creditor) subsequently reached an amicable settlement, with all alleged dues being paid. An application (I.A. No. 5601 of 2026) was filed with the National Company Law Appellate Tribunal (NCLAT) for early listing of the appeal and to
…Company Appeal (AT) (Insolvency) No. 1366 of 2026 was filed against an NCLT order dated 23.07.2026.
The NCLT order admitted M/s Epic Yarns Pvt. Ltd. (Corporate Debtor) into Corporate Insolvency Resolution Process (CIRP).
Klass Insolvency Resolution Professionals Pvt. Ltd. was appointed as the Interim Resolution Professional (IRP).
Aayush Prashant Agarwal, a suspended director of Epic Yarns Pvt. Ltd., is the appellant.
The appellant and the operational creditor, Uma Export Limited, entered into a settlement agreement dated 06.08.2026.
Dues of Rs. 50,00,000/- were paid on 23.07.2026, and an additional Rs. 2,57,05,145/- was paid on 06.08.2026 by RTGS.
I.A. No. 5601 of 2026 was filed for early listing, stating amicable settlement and full payment of dues.
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Date of Tribunal's decision in Basant Kumar…
Settlement da…
Company Appeal (AT) (Insolvency) No. 1366 of 2026 was filed by Aayush Prashant Agarwal, a suspended director of EPIC Yarns Pvt. Ltd. (the Corporate Debtor), challenging an NCLT order dated 23.07.2026. This NCLT order had admitted EPIC Yarns Pvt. Ltd. into the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016, and appointed Klass Insolvency Resolution Professionals Private Limited as the Interim Resolution Professional (IRP). The Appellant and Uma Export Limited (the Operational Creditor) subsequently reached an amicable settlement, with all alleged dues being paid. An application (I.A. No. 5601 of 2026) was filed with the National Company Law Appellate Tribunal (NCLAT) for early listing of the appeal and to
…Company Appeal (AT) (Insolvency) No. 1366 of 2026 was filed against an NCLT order dated 23.07.2026.
The NCLT order admitted M/s Epic Yarns Pvt. Ltd. (Corporate Debtor) into Corporate Insolvency Resolution Process (CIRP).
Klass Insolvency Resolution Professionals Pvt. Ltd. was appointed as the Interim Resolution Professional (IRP).
Aayush Prashant Agarwal, a suspended director of Epic Yarns Pvt. Ltd., is the appellant.
The appellant and the operational creditor, Uma Export Limited, entered into a settlement agreement dated 06.08.2026.
Dues of Rs. 50,00,000/- were paid on 23.07.2026, and an additional Rs. 2,57,05,145/- was paid on 06.08.2026 by RTGS.
I.A. No. 5601 of 2026 was filed for early listing, stating amicable settlement and full payment of dues.
…Date of Tribunal's decision in Basant Kumar…
Settlement da…