Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two interconnected Company Appeals along with their respective Interim Applications. The appeals involve Jatin Rajpal and Ashok Rajpal as appellants versus State Bank of India & Another as respondents. The appeals are numbered Company Appeal (AT) (Insolvency) No. 1503 of 2025 with I.A. No. 2720 of 2026, and Company Appeal (AT) (Insolvency) No. 1505 of 2025 with I.A. No. 2704 of 2026. The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member Technical), and Mr. Ajai Das Mehrotra (Member Technical). Advocate Ms. Somya Dharwa represented the appellants, while advocates Mr. Harshit Khare and Mr. Ayuj Agrawal represented the respondent State Bank of India.
Final Outcome
The NCLAT bench ordered that both appeals be listed for next hearing on October 6, 2026. The order represents a procedural adjournment without any substantive decision on the merits of the insolvency appeals at this stage.
Topics: Insolvency Proceedings, Banking Litigation