Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: June 29, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member Technical), heard Comp. App. (AT) (Ins) No. 875 of 2026. The appeal was filed by Amresh Shukla in his capacity as the Liquidator of Girdharilal Sugar & Allied Industries Ltd against Canara Bank and other respondents. The matter relates to insolvency proceedings concerning Girdharilal Sugar & Allied Industries Ltd. Canara Bank, represented by advocates Mr. Hitesh Sachar, Ms. Anju Jain, and Ms. Rifat Touhid, appeared and accepted notice. The appellant was represented by advocates Mr. J. Rajesh, Md. Arsalan Ahmed, Mr. Yashwardhan Aggarwal, and Mr. Ali Abbas Masoodi.
Final Outcome
The NCLAT issued notice to all other respondents besides Canara Bank and directed that service be completed within two weeks from the order date. The respondents were given three weeks after service completion to file their replies. The appeal was listed for next hearing on July 27, 2026. The order was passed in hybrid mode.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceedings