Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 1847 of 2026 along with IA No. 7028 of 2026. The appeal involves Beacon Realcon Pvt. Ltd. and Others as appellants versus Bank of India and Others as respondents. The hearing was conducted in hybrid mode with legal representation from both parties present. For the appellants, advocates Ms. Nistha Gupta, Mr. Krishnan Agarwal, and Ms. Pragya Purohit appeared. For respondent Bank of India (R-1/BOI), advocates Mr. Sumit Kansal, Ms. Kanika Singhal, and Mr. Mahesh Rahtore represented the bank.
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) ordered the immediate transfer of the matter to Bench No. I of NCLAT for further proceedings. The order was issued based on information received that the matter had been assigned to Bench No. I. The case will now proceed before the designated bench for subsequent hearings and determinations.
Topics: Insolvency Appeal, Court Transfer, Banking Dispute