Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 08.09.2026
Case Overview
This appeal was filed by HDFC Bank Limited against an order dated 21.08.2026 from the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench). The impugned order concerned three Intervention Applications: INV.P. (IBC)/20(KB)/2026, INV.P. (IBC)/14(KB)/2026, and INV.P. (IBC)/22(KB)/2026. The appellant's counsel submitted that an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), filed by the Resolution Professional on behalf of the Committee of Creditors (I.A. No.681/2026), had already been heard by the NCLT and was reserved for orders. However, the NCLT subsequently fixed a hearing for 21.09.2026 on the new Intervention Applications, which were filed by one operational creditor and two prospective resolution applicants, while keeping the order on the crucial Section 12A application pending. HDFC Bank sought a direction for the NCLT to hear all applications together.
Final Outcome
After hearing counsel for all parties, the NCLAT disposed of the appeal. It made a request to the Adjudicating Authority (NCLT Kolkata) to take up all the aforementioned applications, along with any connected ones, for hearing on the already scheduled date of 21.09.2026. Furthermore, the NCLAT requested that the NCLT dispose of the matter in a timely manner, more preferably within three weeks from that hearing date. All pending applications, if any, were also disposed of.
Topics: Insolvency Proceeding, NCLT/NCLAT, Section 12A Withdrawal