Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06 November 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected insolvency appeals: Company Appeal (AT) (Insolvency) No. 804 of 2026 filed by Arvind Kumar Jagannath Prasad Gupta and Company Appeal (AT) (Insolvency) No. 805 of 2026 filed by Neelu Sanjay Gupta. Both appeals were filed against State Bank of India (as the Authorized Person of Stakeholder's Consultation Committee) and other respondents. The appeals appear to relate to insolvency proceedings where State Bank of India is involved as a financial creditor or stakeholder. The bench noted that due to time constraints, no substantive hearing could be conducted on the matters.
Final Outcome
The NCLAT adjourned both appeals and listed them for next hearing on January 29, 2027. No substantive orders were passed, and the matters remain pending for future consideration. The order was issued by a three-member bench consisting of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Topics: Insolvency Proceedings, Banking Litigation, Tribunal Adjournment