NCLAT Order Issued for Dharan Infra-EPC Ltd Insolvency Case

The National Company Law Appellate Tribunal (NCLAT) has issued an order dated October 16, 2026, concerning the insolvency proceedings of Dharan Infra-EPC Limited. The case, initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Tata Capital Housing Finance Limited, involves multiple intervention petitions from various financial creditors and the suspended director. The Interim Resolution Professional (IRP) and the suspended director have filed applications seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Code. However, several financial creditors have intervened to oppose this withdrawal. The NCLAT's order is expected to provide direction on the continuation or withdrawal of the CIRP.