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 multiple interlocutory applications (I.A. Nos. 631, 4989 of 2024, 5878 of 2025, and I.A. Nos. 1774, 1776, 2463, 2633, 2798, 2962, 3288, 3301, 4824, 5437, 5506, 5541, 5925, 5955, 6009, 6520, 6521 of 2026) filed in Company Appeal (AT) (Insolvency) No. 406 of 2022. The matter involves Ram Kishor Arora, suspended director of Supertech Ltd., as the applicant versus Union Bank of India and other respondents. The proceedings included representation from multiple advocates for various parties, including Mr. Rajiv Jain serving as Amicus Curiae for the applicant, advocates for Union Bank of India, and Dr. Surat Singh along with other advocates representing homebuyers.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member Technical) adjourned all the applications, including I.A. No. 5448/2026, to September 16, 2026. The order was passed in hybrid mode, indicating a combination of physical and virtual hearing arrangements.
This content may not be financially relevant as it represents a procedural adjournment without substantive financial or insolvency resolution outcomes.