# In the matter of Umesh Mishra vs. Srei Equipment Finance Ltd.

> NCLAT judgment dated 2025-03-13. Citation: TCN-2025-NCLAT-00165. The document pertains to two Company Appeals, No. 128/2023 and No. 129/2023, filed under the…

- **Court:** NCLAT
- **Order date:** 13 Mar 2025
- **Citation:** TCN-2025-NCLAT-00165
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/umesh-mishra-vs-srei-equipment-finance-ltd-1c158d24

## Summary

### Background

The document pertains to two Company Appeals, No. 128/2023 and No. 129/2023, filed under the Insolvency and Bankruptcy Code. Both appeals involve Umesh Mishra, the Suspended Director of Arrowline Organic Products Pvt. Ltd., as the appellant, and Srei Equipment Finance Ltd. & Anr. as the respondents. The appeals were heard by the National Company Law Appellate Tribunal (NCLAT) at Chennai.

## Facts

Umesh Mishra, the Suspended Director of Arrowline Organic Products Pvt. Ltd., has filed two Company Appeals (No. 128/2023 and No. 129/2023) against Srei Equipment Finance Ltd. & Anr. The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing these appeals. An interim order was granted in Company Appeal No. 129/2023. The appeals are listed for a hearing on 2025-03-10. The interim order is to continue until the next date of hearing.

## Issues and analysis

### Issue 1: Whether the interim order granted in Company Appeal (AT) (CH) (Ins) No. 129/2023 should continue …

**Ratio:** The principle of maintaining the status quo or preserving the subject matter of the

…

**Reasoning:** The Tribunal directed that the earlier 'Interim Order' granted in Company Appeal (AT)

…

**Interpretation:** This means that the court is ensuring that no irreversible actions are taken

…

**Application:** The interim order remains in effect, preventing any actions that could

…

## Parties

- **Judges:** Sharad Kumar…; Jatindranat…
- **Appellants:** Umesh M…
- **Respondents:** Arrowline Organic…; SREI EQUIPMENT…

## Timeline

- **2024-12-20 — Order Da…**: The 'Office of the Registry' is…
- **2025-03-10 — Next Hearin…**: The appeals are listed for hearing…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/umesh-mishra-vs-srei-equipment-finance-ltd-1c158d24