Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 19 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an insolvency appeal filed by Srikant Dwarakanath against Axis Bank Ltd. and other respondents. The appeal was registered as Comp. App. (AT) (Ins) No. 158 of 2025 with an accompanying interim application (I.A. No. 636 of 2025). The matter was heard in hybrid mode with representation from multiple advocates: Mr. Suraj Dhawan for the appellant; Mr. Aayush Agarwala and Ms. Mukti Heliwal for Respondent-1 (Axis Bank Ltd.); Mr. Anant Singh and Mr. Ishan Patnaik for Respondent-6; and Mr. Nishant Awana, Ms. Rini Badoni, Ms. Nitya Sharma, and Ms. Vanshita Gupta for Respondent-2.
Final Outcome
The two-member bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) noted "No time left" and adjourned the matter. The appeal was listed for next hearing on 30 September 2026. No substantive arguments, merits of the case, or interim directions were recorded in this procedural order.
Topics: Insolvency Appeal, Banking Dispute, Tribunal Procedure