Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 04.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has issued a procedural order in Company Appeal (AT) (Insolvency) No. 66 of 2026. The appeal has been filed by Ashok Shiv Narayan Thepade, who is identified as the Suspended Director of Galaxy Constructions and Contractors Pvt. Ltd., against Canara Bank and another respondent. The case appears to relate to the corporate insolvency resolution process of Galaxy Constructions under the Insolvency and Bankruptcy Code, 2016. The order does not contain details of the specific allegations or disputes but serves to schedule the next hearing date.
Legal representation includes Mr. Haris A. Khan for the appellant (Ashok Thepade), and Mr. Hitesh Sachar, Mr. Anju Jain, Mr. Rifat Touhid, and Ms. Bhawna Prajapati for the respondents (Canara Bank & Anr.). Additional advocates Mr. Avinash Khanolkar and Mr. Mahesh T Nulolu are representing the Resolution Professional.
The bench comprises Justice Sharad Kumar Sharma (Member Judicial) and Arun Baroka and Indevar Pandey (Members Technical).
Final Outcome
The NCLAT has listed the matter for hearing on 12th August, 2026. This is a procedural order that only schedules the next hearing date and does not contain any substantive decision on the merits of the case.
Topics: Insolvency Appeal, Corporate Litigation, Hearing Schedule