Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing two connected insolvency appeals:
1. Comp. App. (AT) (Ins) No. 1122 of 2024 & I.A. No. 4031, 4032 of 2024: Shailendra Upadhyay (Appellant) versus Small Industries Development Bank of India & Anr. (Respondents)
2. Comp. App. (AT) (Ins) No. 1126 of 2024 & I.A. No. 4042, 4043 of 2024: Ramakant Upadhyay (Appellant) versus Small Industries Development Bank of India & Anr. (Respondents)
Representation was noted as follows:
- For Appellant: Mr. Manmay Sarawgi & Mr. Akshat Goyal, Advocates
- For Respondents: Mr. Harish Taneja (in person) & Mr. Gaurav Raj Grover, Advocate; Mr. Mohd. Moonis Abbasi, Advocate
The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical).
Final Outcome
The Tribunal noted that there was "No time left" to hear the matters on 14 September 2026. Consequently, both appeals were adjourned and listed for further hearing on 26 October 2026. The order was passed in hybrid mode.
Topics: Insolvency Appeals, Adjournment, Financial Institution