Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 09 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected Comp. App. (AT) (Ins) appeals. Comp. App. (AT) (Ins) No. 421 of 2025 was filed by Nippon Ispat Pvt. Ltd. (formerly known as Devkripa Ispat Pvt. Ltd. & Anr.) as the Appellant(s) against Punjab National Bank Ltd. & Ors. as the Respondent(s). Comp. App. (AT) (Ins) No. 504 of 2025 was filed by Punjab National Bank as the Appellant(s). The legal representation for Nippon Ispat was Mr. Nikhil Kr. Verma and Ms. Nidhi Chaudhary, Advocates. The representation for Punjab National Bank was Dr. Surender Singh Hooda and Mr. Aditya Hooda, Advocates. An Interlocutory Application, I.A. No. 1929 of 2025, was also linked to these appeals.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), did not conduct a substantive hearing on the merits of the case. The order states "No time left" as the reason for adjournment. The appeals were subsequently listed for the next hearing on 05 August 2026. The order was passed in hybrid mode.
Topics: NCLAT, Insolvency Appeal, Adjournment