Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 16, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi was hearing Comp. App. (AT) (Ins) No. 1735 of 2024 along with Interlocutory Applications I.A. No. 6340, 6341, and 6342 of 2024. The appeal was filed by a consortium comprising SKM Steels Ltd. and Mr. Shankar Sevia Pawar as the Appellants. The Respondents in the case are Vijay Kumar Adnala & Others, with representation noted for Respondent-3, Respondent-2, and the State Bank of India (SBI).
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Arun Baroka (Member-Technical), issued a procedural order. Citing "No time left" for the hearing, the tribunal adjourned the matter. The appeal and connected applications are now listed for the next hearing on November 27, 2026. The order was issued in hybrid mode.
Topics: Insolvency Appeal, NCLAT, Adjournment