Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), heard Company Appeal (AT) (Insolvency) No. 687 of 2021. The appeal involves IDBI Bank Ltd. as the appellant versus Praveen Bansal & Anr. as respondents. Legal representation was present for both parties: Mr. Praful Jindal and Mr. Kumar Arnav Singh Deo, Advocates for the appellant (IDBI Bank Ltd.), and Mr. K.D. Sharma, Advocate for the respondent (Resolution Professional). The hearing was conducted in hybrid mode.
Final Outcome
The NCLAT bench adjourned the matter and listed the appeal for the next hearing on 30 September 2026. No substantive rulings or decisions on the merits of the insolvency appeal were made in this order, which served purely as a procedural adjournment.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings