Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 17 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected company appeals related to insolvency matters. Company Appeal (AT) (Insolvency) No. 299 of 2024 involves IDBI Bank Ltd. & Anr. as respondents, with legal representation by Mr. Surekh Kant Baxy and Ms. Kinjal Goyal for the appellant, and Mr. Shriraj Khankete and Mr. Bharath Krishna representing IDBI Bank. The connected case, Company Appeal (AT) (Insolvency) No. 534 of 2024 along with I.A. No. 1895 and 1896 of 2024, features Dinesh Shahra as the appellant versus IDBI Bank & Ors. as respondents. In this appeal, Mr. Himanshu Satija, Ms. Ripul Swati, and Mr. Suyash Shrivastava represented the appellant, while Mr. Shriraj Khankete and Mr. Bharath Krishna again appeared for IDBI Bank. The proceedings were conducted before a three-member bench consisting of Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Final Outcome
The NCLAT bench ordered that both appeals be listed for hearing on September 1, 2026. No substantive decisions on the merits of the cases were made in this order, which served solely to adjourn the proceedings to a future date.
Topics: Insolvency Proceedings, Banking Litigation