Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 18th September, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has issued a procedural order in Company Appeal (AT) (Insolvency) No. 938 of 2023. The appeal involves ICICI Bank Ltd. as the appellant challenging matters related to the insolvency resolution process of Servel India Pvt. Ltd. The respondent in the case is Reetesh Kumar Agarwal, who is serving as the Resolution Professional for Servel India Pvt. Ltd. The order represents an intermediate procedural step in ongoing appellate proceedings between a major financial institution and the resolution professional of a corporate debtor.
Final Outcome
The three-member bench, consisting of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), has adjourned the hearing of the appeal. The matter has been listed for the next hearing on 20th November, 2026. This is purely a procedural order that sets the next date of hearing without addressing any substantive legal issues or merits of the case.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings