IDBI Bank Insolvency Appeal Adjourned to November 2026

Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: 30th September 2026

Case Overview

This document is a procedural order from the National Company Law Appellate Tribunal (NCLAT) in an ongoing insolvency appeal. The appellant is IDBI Bank Ltd. The respondents are Praveen Bansal and another individual. The appeal is registered as Company Appeal (AT) (Insolvency) No. 687 of 2021. The order was passed by a bench comprising Justice Sharad Kumar Sharma (Member-Judicial), Arun Baroka (Member-Technical), and Indevar Pandey (Member-Technical). The matter was listed for hearing on 30th September 2026.

Final Outcome

The tribunal recorded that the appeal could not be heard on the scheduled date due to a "paucity of time." Consequently, the bench adjourned the hearing and relisted the appeal for the next date of hearing, which is 19th November 2026. No substantive hearing on the merits of the case took place, and no findings or observations on the dispute were made. The order is purely administrative, dealing only with the scheduling of the proceedings.

Topics: Insolvency, Banking Litigation