Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 11 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has issued a procedural order in two connected Company Appeals filed under the Insolvency and Bankruptcy Code.
- Company Appeal (AT) (Insolvency) No. 302 of 2024 has been filed by ICICI Bank Ltd. (Appellant) against State Bank of India & Anr. (Respondents).
- Company Appeal (AT) (Insolvency) No. 511 of 2024 has been filed by Indian Bank (Appellant) against State Bank of India & Anr. (Respondents).
- The nature of the underlying insolvency dispute and the specific decisions being appealed are not detailed in this procedural order.
- The legal representatives for the parties are noted: For the appellants, ICICI Bank was represented by Mr. Krishnendu Datta, Sr. Advocate with others, and Indian Bank was represented by Ms. Sahar Bhasin, Advocate. For the respondents (SBI and another), Mr. Akshit Kapur, Ms. Prachi Johri, Mr. Sachi Jain, and Mr. Himanshu Sharma appeared as advocates.
Final Outcome
The bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Ajai Das Mehrotra, did not rule on the merits of the appeals. The order solely adjourns the hearing of both appeals. The matters have been listed next for hearing on 29th September, 2026 at 02:00 PM.
Topics: Insolvency Litigation, Banking Dispute