Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 13 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two interconnected insolvency appeals. Comp. App. (AT) (Ins) No. 1138 of 2026 involves State Bank of India as the appellant versus Garden Court Distilleries Pvt. Ltd. & Anr. as respondents. The connected appeal, Comp. App. (AT) (Ins) No. 1145 of 2026, involves Garden Court Distilleries Pvt. Ltd. as appellant versus Akhil Ahuja (Liquidator of Honest Derivatives Ltd.) & Anr. as respondents. Senior advocates represented all parties: Mr. Krishnendu Dutta with team for State Bank of India, Mr. Abhijeet Sinha with team for Garden Court Distilleries, and Ms. Shreya Moondhra for the liquidator/other respondents.
Final Outcome
The three-member bench comprising Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) adjourned both appeals and listed them for the next hearing on August 14, 2026. The order was passed in hybrid mode and represents a procedural adjournment without substantive ruling on the merits of the cases.
Topics: Insolvency Proceedings, Banking Litigation, Corporate Distress