Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 25 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 2174 of 2024. The appellant is Canara Bank. The respondents are Jeetendra Rajpal Daryani, identified as the erstwhile Resolution Professional (RP) of Texon Global Pvt. Ltd., and another unnamed respondent. The nature of the appeal is an insolvency matter challenging actions or decisions related to the corporate insolvency resolution process of Texon Global Pvt. Ltd. During the hearing, the appellant, Canara Bank, was represented by Advocate Mr. Sunil Kumar. No appearance was marked for the respondents.
Final Outcome
The two-member bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical), passed a brief order. Citing that there was "No time left" to hear the matter, the tribunal adjourned the appeal. The next date of hearing is scheduled for 15 October 2026.
Topics: Insolvency, Legal Proceedings