Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: September 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected insolvency appeals:
- Company Appeal (AT) (Insolvency) No. 945 of 2026: Filed by Prakash Chandra Agarwalla, Suspended Director and Shareholder of Akshara Highrise Private Limited, against UCO Bank & Another.
- Company Appeal (AT) (Insolvency) No. 984 of 2026: Filed by Chandrakant Khemka, Suspended Director and Shareholder of Shaivlini Impex Pvt. Ltd., against UCO Bank & Another.
Legal representation was present for both parties. For the Appellants: Mr. Saunak Mitra, Mr. Aditya Kanodia, Mr. Dripto Majumdar, and Mr. Pratik Dutta appeared as advocates. For the Respondents (UCO Bank & Another): Mr. Brijesh Kumar Tamber, Mr. Vinay S. Bist, Mr. Dhimaan Datta, and Mr. Tavish B. Prasad appeared as advocates.
The bench comprised Officiating Chairperson Justice Yogesh Khanna along with Member (Technical) Mr. Barun Mitra and Member (Technical) Mr. Ajai Das Mehrotra. The proceedings were conducted in hybrid mode.
Final Outcome
The NCLAT bench adjourned both appeals and listed them for the next hearing on November 6, 2026. No substantive hearings or decisions on the merits of the cases occurred during this proceeding.
Topics: Insolvency Litigation, Banking Disputes