Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three connected insolvency appeals filed by Kotak Mahindra Bank Ltd. as the appellant. The appeals are numbered Comp. App. (AT) (Ins) No. 1740 of 2025, Comp. App. (AT) (Ins) No. 1741 of 2025, and Comp. App. (AT) (Ins) No. 1793 of 2025.
In Appeal No. 1740 of 2025, Kotak Mahindra Bank is appealing against Ashiana Fincap Pvt. Ltd.
In Appeal No. 1741 of 2025, Kotak Mahindra Bank is appealing against Mag. T. Exim Ltd.
In Appeal No. 1793 of 2025, Kotak Mahindra Bank is appealing against Kamdhenu Steels and Alloys Ltd.
The order notes that appearances for both appellants and respondents in all three matters were "not marked" at this hearing. The bench, consisting of Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), found that there was "No time left" to hear these appeals on the scheduled date.
Final Outcome
The NCLAT did not make any ruling on the merits of the cases. The tribunal adjourned all three appeals and listed them for the next hearing on November 25, 2026. The order represents a procedural adjournment rather than a substantive decision in the insolvency matters.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Procedure