Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1770 of 2026 along with I.A. No. 6699 of 2026, an appeal filed by Anirudh Goel against Punjab National Bank & Others. The Tribunal, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), heard arguments from Senior Advocate Mr. Sanjay Dewan representing the appellant, assisted by advocates Mr. Sidhanth Chopra, Mr. Navneet Thakran, and Mr. Anish Dewan. For respondents 1-3 (Punjab National Bank), advocates Ms. Nishi Chaudhary and Mr. Mayuresh Rishabh appeared.
The Tribunal determined that the matter requires consideration and issued notices regarding both the delay condonation application and the main appeal. Ms. Nishi Chaudhary, representing respondents 1-3, acknowledged receipt of notice and stated they would not file a reply to the delay condonation application but would file a reply to the appeal itself.
Final Outcome
The Tribunal granted respondents 1-3 two weeks to file their reply to the appeal, with an advance copy to be provided to the appellant's counsel. The appellant was granted one additional week to file a rejoinder if desired. Notice was also issued to the remaining respondents regarding both the delay condonation application and the appeal, with steps to be taken within three working days. The case was listed for the next hearing on 30 October 2026 under the caption "After Notice."
Topics: NCLAT Proceedings, Banking Litigation