Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 06 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Company Appeal (AT) (Insolvency) No. 526 of 2026 along with I.A. No. 2031 of 2026. The appeal involves Sunil Laxman Somvanshi as the appellant versus Abhyudaya Co-Operative Bank Ltd. & Anr. as respondents. The matter appears to be related to insolvency proceedings given the case classification. For Respondent-1 (Abhyudaya Co-Operative Bank Ltd.), advocates Mr. Moulik Chokshi, Ms. Aditi Sharma, and Ms. Navya Sharma were present. The bench consisted of Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).
Final Outcome
The NCLAT bench adjourned the matter and listed the appeal for next hearing on 15th September 2026. No substantive hearing or decision on merits occurred in this order, which served solely as a scheduling directive.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceeding