Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1424 of 2026 filed by appellant Dhananjay Sanjay Agrawal against respondents State Bank of India & Anr. The matter was presented before a bench consisting of Justice Mohammad Faiz Alam Khan (Member Judicial) and Arun Baroka (Member Technical). The appellant was represented by Senior Advocate Mr. Abhijeet Sinha along with a team of advocates, while no representation appeared for the respondents. The tribunal considered the appeal and found that the matter requires consideration for admission.
Final Outcome
The NCLAT admitted the appeal for consideration and issued several procedural directions: (1) Permitted the appellant's counsel to file the physical copy of the stay application within two days from the order date (by 08.08.2026); (2) Directed issuance of notice to the respondents (State Bank of India & Anr.) regarding both the stay application and the main appeal; (3) Required the appellant to complete all requisite steps for notice issuance within 24 hours; (4) Allowed service of notice to respondents through 'Dasti' (by hand); and (5) Listed the matter for next hearing on 14.08.2026 before the same bench.
Topics: NCLAT Proceedings, Banking Dispute