Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 24, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi was hearing two connected appeals filed by the Small Industrial Development Bank of India (SIDBI) as the appellant. The appeals are numbered Comp. App. (AT) (Ins) No. 2360 of 2024 and Comp. App. (AT) (Ins) No. 88 of 2025. The respondents in the matter are Harshad Deshpande & Ors. The order was passed in hybrid mode. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical).
Multiple legal representatives were present: For the appellant SIDBI, advocates Mr. NPS Chawla, Mr. Vibhor Kapoor, Mr. Abhinav Mishra, and Mr. Kinjal Sharma were present. For the respondents, advocates Mr. Tishampati Sen, Ms. Riddhi Sancheti, Mr. Dikshat Mehra, Mr. Anurag Anand, Mr. Mukul Kulhari, and Ms. Honey Chandani represented Respondents 3 to 5. Advocates Mr. Deepak Panpaliya, Ms. Pallavi Panpaliya, and Ms. Aishwarya Wani represented Respondent-2. Advocates Mr. Karan Gandhi and Mr. Sikhar Tiwari represented Respondent-1.
The bench noted that no time was left to hear the matters on the scheduled date.
Final Outcome
The NCLAT bench adjourned both appeals and listed them for the next hearing on September 1, 2026. No substantive hearing or decision on the merits of the case took place on this date.
Topics: NCLAT Proceeding, Adjournment, SIDBI