Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 05 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1402 of 2026, an appeal filed by Alpesh Vasudev Gandhi against the Small Industries Development Bank of India (SIDBI) and another respondent. The tribunal heard learned counsel for the appellant in depth and reviewed the case record. The bench determined that the matter requires consideration by the tribunal. However, regarding the issuance of any interim directions, the tribunal found that an opportunity of being heard must be given to the respondents before any interim relief can be considered.
Final Outcome
The NCLAT issued formal notice to the respondents (SIDBI & Anr.). The appellant was directed to complete all necessary steps along with requisites and process fee within 24 hours. The appellant was also granted liberty to serve the respondents by hand (Dasti service). The matter has been listed for further hearing on 14 August 2026 under the same caption. The bench comprised Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Topics: NCLAT Proceedings, Financial Institution Dispute, Legal Appeal