Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: September 3, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1100 of 2025 along with two interlocutory applications (I.A. No. 5283 and 6080 of 2026). The appeal was filed by Ravindra Mogra (Appellant) against Canara Bank & Anr. (Respondents). During the hearing, the learned counsel for the appellant was not available. It was submitted to the tribunal that the One-Time Settlement (OTS) proposal given by the appellant had been rejected by Canara Bank. Additionally, it was noted that a resolution plan had been approved by the Committee of Creditors (CoC) for the corporate debtor involved in the insolvency proceedings.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, adjourned the matter and listed the appeal for the next hearing on September 8, 2026. No substantive decision on the merits of the case was made in this order.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceeding