Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06 November 2026
Case Overview
This order pertains to five interconnected Company Appeals filed by Punjab National Bank (Appellant) against five individual respondents: Suryakanta Acharya (Company Appeal (AT) (Ins.) No. 1689 of 2025), Atulya Kumar Dash (Company Appeal (AT) (Ins.) No. 1720 of 2025), Pramod Chandra Ratha (Company Appeal (AT) (Ins.) No. 1721 of 2025), Lora Mitra Rath (Company Appeal (AT) (Ins.) No. 1722 of 2025), and Prashanta Chandra Ratha (Company Appeal (AT) (Ins.) No. 1723 of 2025). Each appeal is accompanied by an Interlocutory Application (I.A. No.6663, 6781, 6783, 6785, and 6787 of 2025 respectively). The nature of the underlying dispute or proceedings is not detailed in this procedural order. The legal representation for the Appellant, Punjab National Bank, is consistent across all appeals, led by Mr. Sunav Rastogi and a team of advocates. The respondents are represented by Mr. Saswat K. Acharya, Mr. Dhanajay Bhaskar Ray, and others.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), issued a brief procedural order. The tribunal noted "No time left" and accordingly adjourned the hearing of all five appeals. The matters are now listed for the next hearing on 18 December 2026. No substantive arguments were heard, and no rulings on the merits of the appeals were made in this order.
Topics: NCLAT, Banking Litigation, Procedural Adjournment