Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Comp. App. (AT) (Ins) No. 328 of 2025 along with I.A. No. 1243 of 2025. The case involves Parkash Cotton Pressing Factory as the appellant versus Allahabad Bank & Others as respondents. The hearing was conducted in hybrid mode. Representation included Senior Advocate Mr. Vaibhav Gaggar along with advocates Mr. Gaurav Sehgal, Mr. Ketan Saraf, and Mr. Sajal Dhamija for the appellant. For the respondents, Mr. Nahush Jain appeared for respondent 3. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical).
Final Outcome
The tribunal adjourned the hearing due to time constraints. The matter was listed for next hearing on 25 September 2026 at 3:30 P.M. No substantive arguments or decisions on the merits of the case were recorded in this procedural order.
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