Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 23 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 112 of 2025 along with I.A. No. 499 of 2025. The appeal was filed by The Nasik Merchants Co-operative Bank Ltd. (Appellant) against respondents Kailash T Shah (Erstwhile Resolution Professional of Yug Weave Tech Pvt. Ltd.) and others. The matter appears to relate to insolvency proceedings concerning Yug Weave Tech Pvt. Ltd., with the bank likely being a financial creditor involved in the corporate insolvency resolution process.
Final Outcome
The tribunal noted "No time left" and adjourned the hearing. The appeal has been listed for the next hearing on 19 August 2026. No substantive arguments were heard, and no observations or decisions on merits were made in this order.
Topics: Insolvency Appeal, Cooperative Bank, Adjournment