NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH, NEW DELHI [Arising out of Order dated 18.08.2025 passed by the Adjudicating Authority (National Company Law Tribunal), Cuttack Bench, Court No.1 in Cont.

Appl.(IB) No. 1/CB/2025 in CP (IB) No.36/CB/2024]

In the matter of:

Anuj Rana ...Appellant Vs.

Monica & Anr. ...Respondents For Appellants: Mr. Raj Kamal Singh, Advocate.

For Respondents: Mr. Jay Sahay, Sr. Adv with Mr. Rama Chandra Panigrahy, Advocate.

J U D G M E N T

(03^rd February, 2026)

Ashok Bhushan, J.

This Appeal has been filed challenging the order dated 18.08.2025 passed by the Adjudicating Authority (National Company Law Tribunal) Cuttack Bench, Court No.1 dismissing Cont. Appl.(IB) No. 1/CB/2025 in limine. The Appellant- Suspended Director of the Corporate Debtor aggrieved by the order has come up in the Appeal.

2. Brief facts of the case necessary to be noticed for deciding the Appeal are:-

2.1. The Corporate Debtor- M/s. Neelkantham System Pvt. Ltd. was put to Corporate Insolvency Resolution Process (CIRP) by order dated 30.01.2025 of the Adjudicating Authority. The CIRP commenced against the Corporate Debtor on an application under Section 9 filed by Virendra Prakash Gu