Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 23, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard three connected insolvency appeals involving the Joshi family members as appellants and Bank of Baroda as the respondent. The appeals are numbered Company Appeal (AT) (Insolvency) No. 645 of 2025, Company Appeal (AT) (Insolvency) No. 709 of 2025 with I.A. No. 2714 of 2025, and Company Appeal (AT) (Insolvency) No. 737 of 2025. In all three cases, the respondent is Bank of Baroda represented through Insolvency Professional Deepa Kabra Rathi. The appellants are Anirudha Balkrishna Joshi, Aditya Balkrishna Joshi, and Rajanee Balkrishna Joshi respectively. During the hearing conducted in hybrid mode, no legal representation was present for any of the three appellants. The respondents were represented by advocates Mr. Brijesh Kumar Tamber and Mr. Vinay S. Bist.
Final Outcome
The three-member bench comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical) ordered that all three appeals be listed for next hearing on September 15, 2026. The order constitutes a procedural adjournment without any substantive ruling on the merits of the insolvency matters.
Topics: Insolvency Proceedings, Banking Litigation