Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 19 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has listed Company Appeal (AT) (Insolvency) No. 938 of 2023 for further hearing on 18 September 2026. The appeal has been filed by ICICI Bank Ltd as the Appellant against Reetesh Kumar Agarwal in his capacity as the Resolution Professional for Servel India Pvt. Ltd., who is listed as Respondent-1. The appeal arises from insolvency proceedings concerning Servel India Pvt. Ltd. and challenges actions or decisions taken by the Resolution Professional during the Corporate Insolvency Resolution Process (CIRP).
Final Outcome
The bench comprising Justice Sharad Kumar Sharma (Member-Judicial), Arun Baroka (Member-Technical), and Indevar Pandey (Member-Technical) has adjourned the matter without making any substantive observations or decisions. The next hearing is scheduled for 18 September 2026. The practical consequence is a delay in the resolution of the appeal challenging the Resolution Professional's actions in the Servel India insolvency case.
Topics: Insolvency Appeal, NCLAT Proceeding, Banking Litigation