Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 19, 2026
Case Overview
The order pertains to Company Appeal (AT) (Insolvency) No. 1438 of 2026. The appellant is Ravindra P. Birole, identified as a Suspended Director of Shri Gajanan Maharaj Sugar Ltd. The respondents are Central Bank of India & Anr. The legal representation included Senior Advocate Mr. Abhijeet Sinha with advocates for the appellant, and Senior Advocate Mr. Kunal Tandon with advocates for Respondent-1 (Central Bank of India). Ms. Kanishka appeared for Respondent-2, and Mr. Vikas Salvi appeared as an Intervener. The proceeding was conducted in hybrid mode.
Final Outcome
The NCLAT bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), adjourned the hearing. The adjournment was granted based on a request made by the learned counsel for the appellant, though this request was objected to by the learned counsel for the respondent. The appeal was listed to be heard next on August 24, 2026, as the first case on the board. No substantive ruling on the merits of the case was made in this order.
Topics: Insolvency Appeal, Hearing Adjournment, NCLAT Procedure