Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 20 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two interconnected insolvency appeals. The first appeal (Comp. App. (AT) (Ins) No. 473 of 2024) was filed by State Bank of India against Advantage Oils Pvt. Ltd. The second appeal (Comp. App. (AT) (Ins) No. 1334 of 2025) was filed by Maneesh Kumar Singh, the suspended director of Asian Business Connections Pvt. Ltd., against State Bank of India and another respondent.
During the hearing, advocates Mr. Anuj Tiwari, Mr. Shivendra Nath Mishra, and Mr. Sameer Mishra represented the respondents in both cases. However, there was no representation for the appellants in either appeal. The bench consisted of Justice Yogesh Khanna (Officiating Chairperson) and technical members Barun Mitra and Ajai Das Mehrotra.
Final Outcome
The NCLAT adjourned both appeals and listed them for the next hearing on 31 August 2026. No substantive decisions were made on the merits of the cases during this hearing.
Topics: Insolvency Proceedings, Banking Litigation, NCLAT Adjournment