Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: August 21, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench has issued a procedural order concerning five interconnected insolvency appeals filed by Bank of Maharashtra. The appellant, Bank of Maharashtra, has filed appeals against five individual respondents, who appear to be personal guarantors in a corporate insolvency matter. The appeals are numbered Company Appeal (AT) (Insolvency) No. 2029 of 2024, 2030 of 2024, 2031 of 2024, 2032 of 2024, and 2033 of 2024. The respondents in these respective appeals are Lata Hanumant Magar, Mittal Ramesh Dedhia, Dilip Raghunath Pol, Kavita Dilip Pol, and Ramlakhan Chaman Yadav. The bank is represented by a consistent legal team across all appeals, comprising advocates Mr. Aalok Jagga, Mr. Nipun Gautam, Mr. APS Maddan, and Mr. Sahil Lohan. The order does not detail the specific allegations or background of the dispute but indicates the appeals are at a preliminary stage.
Final Outcome
The Officiating Chairperson, Justice Yogesh Khanna, and Member (Technical), Ajai Das Mehrotra, have directed that all five appeals be listed together for their next hearing on October 12, 2026. This is a scheduling order, and no substantive rulings on the merits of the appeals were issued.
Topics: Banking Insolvency, Guarantor Liability, NCLAT Proceedings