Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 21st July, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 755-758 of 2026 between Acrow Realcon Pvt. Ltd. & Others (Appellants) and Union Bank of India & Others (Respondents). The appeal relates to insolvency proceedings. The appellant was represented by Senior Advocate Mr. Krishnendu Dutta along with advocates Mr. Prateek Gupta and Ms. Vishakha Kaushik. The respondents were represented by Senior Advocate Mr. Abhijeet Sinha along with advocates Mr. Himanshu Satija, Ms. Heena, Ms. Ripul Swati, and Mr. Anshul Rao. Additional representation was noted for Respondent-24 by Ms. Aastha Agarwal and Ms. Eshna Kumar. The bench consisted of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Final Outcome
The NCLAT bench adjourned the hearing and listed the appeal for the next hearing on 28th July, 2026. No substantive decisions on the merits of the case were made in this order, which served purely as a procedural adjournment.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceeding