Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 30, 2026
Case Overview
This matter involves an insolvency appeal (Comp. App. (AT) (Ins) No. 1888 of 2024) filed by Axis Bank Ltd. (Appellant) against Austin Distributors Pvt. Ltd. (Respondent). The appeal was listed for hearing before a three-member bench consisting of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical). The appellant was represented by advocates Mr. Arif Ali, Mr. Rohit Dutta, Mr. Ritoban Sarkar, and Mr. Prabhat Kumar Srivastawa, while the respondent's appearance was not marked in the order.
Final Outcome
The hearing could not be taken up due to paucity of time. The appellate tribunal adjourned the matter and listed the appeal for hearing on November 25, 2026. No substantive hearing on the merits of the case occurred during this proceeding.
Topics: Insolvency Appeal, Banking Litigation, Tribunal Proceedings