Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 24 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two interconnected Company Appeals. The first appeal, Comp. App. (AT) (Ins) No. 783 of 2024, was filed by HDFC Bank Ltd. as the Appellant against Avil Menezes, the Respondent. The second appeal, Comp. App. (AT) (Ins) No. 229 of 2024, was filed by Avil Menezes in his capacity as the Liquidator of Sunil Hitech Engineers Ltd. against HDFC Bank Ltd. The appeals are related to insolvency proceedings. The legal representation for HDFC Bank was Mr. Dhruv Gupta and Mr. Rishabh Tehlan, Advocates. The legal representation for Avil Menezes / the Liquidator was Mr. J. Rajesh, Mr. Dhrupad Vaghani, Ms. Gaytari Mohite, Md. Arsalan Ahmed, Mr. Yashwardhan Aggarwal, and Mr. Ali Abbas Masoodi, Advocates. The bench comprised Justice Mohammad Faiz Alam Khan, Member (Judicial), and Naresh Salecha, Member (Technical).
Final Outcome
The Tribunal adjourned the hearing of both appeals. The order states "No time left" as the reason for the adjournment. The matters were listed for the next hearing on 01 September 2026.
Topics: Insolvency Litigation, Banking, NCLAT