Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 05 August 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) in an appeal filed by Mr. Alpesh Vasudev Gandhi (Appellant) against an order concerning the Small Industries Development Bank of India (SIDBI) and another respondent. The appeal is registered as Comp. App. (AT) (Ins) No. 1402 of 2026. The appellant was represented by a team of advocates led by Mr. Saurav Agarwal. The tribunal, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical), heard the appellant's counsel and perused the record.
Final Outcome
The NCLAT found that the matter requires consideration and admitted the appeal. However, it declined to grant any interim directions at this stage, stating that an opportunity of being heard must be given to the respondents (SIDBI & Anr.) first. The tribunal issued formal notice to the respondents. The appellant was directed to take all necessary steps for serving the notice, along with requisites and process fee, within 24 hours. The appellant was also granted liberty to serve the respondents manually via Dasti (by hand). The matter has been listed for the next hearing on 14 August 2026.
Topics: NCLAT, Insolvency Appeal, SIDBI