Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: August 13, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing five interconnected Company Appeals filed by Punjab National Bank (Appellant) under the Insolvency and Bankruptcy Code. The appeals are numbered Company Appeal (AT) (Insolvency) No. 1689 of 2025, 1720 of 2025, 1721 of 2025, 1722 of 2025, and 1723 of 2025. Each appeal was filed against a different individual respondent: Suryakanta Acharya, Atulya Kumar Dash, Pramod Chandra Ratha, Lora Mitra Rath, and Prashanta Chandra Ratha. The appeals were accompanied by Interlocutory Applications (I.A. Nos. 6663, 6781, 6783, 6785, and 6787 of 2025). The appellant, Punjab National Bank, was represented by advocates Mr. Karan Gandhi, Mr. Sikhar Tiwari, and Mr. Sunav Rastogi. The respondents were represented by advocates Mr. Dhananjay Bhaskar Ray and, in one case, Mr. Dhananjay Mishra and Mr. Bhargav Verma.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), noted that there was no time left to hear the matters on the scheduled date. Consequently, the tribunal adjourned all five appeals and listed them for the next hearing on September 17, 2026. No substantive orders were passed on the merits of the cases.
Topics: Insolvency Appeals, NCLAT, Banking Litigation