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 Comp. App. (AT) (Ins) No. 1056 of 2026 along with I.A. No. 4161 and 4162 of 2026. The appellant was Sudarshan Aithal, identified as the Suspended Director of Distribution Logistics Infrastructure Pvt. Ltd. The respondents included Bank of India & Others. Representation was made by Senior Advocate Mr. Kunal Tandon along with other counsel for the appellant, while respondents were represented by their respective legal counsel including Senior Advocate Mr. Krishnendu Datta for Respondent-3.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical) adjourned the appeal based on a request made by the learned counsel for the appellant. The matter was rescheduled and will not be listed on 02 September 2026.
Topics: Insolvency Appeal, Corporate Litigation, NCLAT Proceedings