Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Company Appeal (AT) (Insolvency) No. 1888 of 2024 between Axis Bank Ltd. (Appellant) and Austin Distributors Pvt. Ltd. (Respondent). The appeal concerns insolvency proceedings, though the specific nature of the dispute or allegations is not detailed in this procedural order. The hearing was conducted in hybrid mode. Representation was noted for the appellant bank by advocates Mr. Arif Ali, Mr. Rohit Dutta, Mr. Ritoban Sarkar, and Mr. Prabhat Kumar Srivastawa. No representation was recorded for the respondent company, Austin Distributors Pvt. Ltd. The bench comprised Justice Sharad Kumar Sharma (Member - Judicial), Mr. Arun Baroka (Member - Technical), and Mr. Indevar Pandey (Member - Technical).
Final Outcome
The NCLAT bench ordered the adjournment of the appeal. The matter was listed for the next hearing on September 30, 2026. No substantive rulings, observations, or directions on the merits of the case were issued in this order.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Procedure