Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals filed under the Insolvency and Bankruptcy Code, 2016:
- Company Appeal (AT) (Insolvency) No. 370 of 2026: Surender Kumar Bansal (Appellant) versus Central Bank of India & Another (Respondents)
- Company Appeal (AT) (Insolvency) No. 371 of 2026: Same parties as above
The appeals challenge proceedings related to insolvency matters involving Central Bank of India as a financial creditor. Multiple legal representatives appeared for the parties:
- For Appellant: Mr. Siddarth Arora and Ms. Jasleen Kaur, Advocates
- For Respondents: Ms. Richa Sandilya, Mr. Prashant Tiwari, and Mr. Harshnidhi Rajan, Advocates for Central Bank of India; Mr. Amit Kumar and Mr. Vivek Sharma, Advocates for the Resolution Professional/Respondent-2
The three-member bench comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) heard the matter in hybrid mode.
Final Outcome
The NCLAT adjourned both appeals and listed them for next hearing on 15th September, 2026. No substantive ruling was made on the merits of the case, and the matter remains pending.
Topics: Insolvency Proceedings, Banking Litigation, Court Adjournment