Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 09 September 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. During the hearing conducted in hybrid mode, the appellants were not represented by any counsel. The respondents were represented by advocates Mr. Sidharth S., Ms. Richa Mishra, Ms. Kashish, and Ms. Mrivalini Tandon for Respondent-1 (State Bank of India).
Final Outcome
The NCLAT bench comprising Officiating Chairperson Justice Yogesh Khanna and Members Mr. Barun Mitra and Mr. Ajai Das Mehrotra ordered that both appeals be listed next on 06 November 2026. The matter was adjourned without any substantive hearing or decision on merits due to the absence of representation for the appellants.
Topics: Insolvency Litigation, Banking Disputes