Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 31 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1578 of 2024 between Bank of Maharashtra (Asset Recovery Branch) as Appellant and Avivet Nutritional Services Pvt. Ltd. as Respondent. The appeal concerns insolvency proceedings between the public sector bank and the corporate debtor. The hearing was conducted in hybrid mode with legal representation from both parties - Mr. B.P. Singh, Advocate for the Appellant (Bank of Maharashtra) and Mr. Anoop Kandari, Advocate for the Respondent (Avivet Nutritional Services). The bench comprised Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
The tribunal adjourned the matter and listed the appeal for next hearing on 12 October 2026. No substantive arguments or decisions on merits were recorded in this order, which served primarily as a case management directive for scheduling the next hearing date.
Topics: Insolvency Appeal, Banking Litigation, Tribunal Proceedings