Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing two connected appeals filed by Bank of Maharashtra. The first appeal (Company Appeal (AT) (Ins) No. 2120 of 2024) was against respondents Biren Kumar Palani & Anr., while the second appeal (Company Appeal (AT) (Ins) No. 2145 of 2024) was against Jaydeep Palani & Anr. The matters were being heard along with their respective interlocutory applications (I.A. No. 7709, 7884 of 2024 and I.A. No. 7775, 8002 of 2024).
Final Outcome
Due to paucity of time, the matters could not be taken up for hearing on October 9, 2026. The NCLAT bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Indevar Pandey (Member Technical) adjourned both appeals and listed them for next hearing on December 4, 2026. No substantive proceedings were conducted, and no decisions were made on the merits of the cases.
Topics: Banking Litigation, NCLAT Proceedings, Case Adjournment