Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1438 of 2026, an insolvency appeal filed by Ravindra P. Birole, Suspended Director of Shri Gajanan Maharaj Sugar Ltd., against Central Bank of India & Anr. The order represents a procedural update in ongoing insolvency proceedings.
Final Outcome
The Tribunal granted the respondent's counsel permission to submit a hard copy of their reply that had been filed online. The appellant's counsel was granted two weeks to file a rejoinder. The case has been adjourned and is now listed for hearing on November 19, 2026.
Topics: Insolvency Appeal, Sugar Industry, Banking Dispute