Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 11, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected appeals related to insolvency proceedings. Company Appeal (AT) (Insolvency) No. 1138 of 2026 involves State Bank of India as appellant against Garden Court Distilleries Pvt. Ltd. and another respondent. Company Appeal (AT) (Insolvency) No. 1145 of 2026 involves Garden Court Distilleries Pvt. Ltd. as appellant against Akhil Ahuja (Liquidator of Honest Derivatives Ltd.) and another respondent.
The appeals were represented by multiple senior advocates: Mr. Krishnendu Dutta with Ms. Ekta Choudhary, Mr. Gaurav Raj Grover and Ms. Rushali Sikand for State Bank of India; Ms. Shreya Moondhra for respondents; Mr. Himanshu Satija, Ms. Ripul Swati and Mr. Suyash Shrivastava for Garden Court Distilleries; and Mr. Sumant Batra with Mr. Sarthak Bhandari, Ms. Riya Kaur Arora and Mr. Aditya Jain for the Liquidator.
The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Final Outcome
The NCLAT adjourned both appeals and listed them for next hearing on August 13, 2026. No substantive hearing or decision on merits occurred in this order.
Topics: Insolvency Proceedings, Banking Dispute, Legal Adjournment