Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected matters: Comp. App. (AT) (Ins) No. 1408 of 2024 and Contempt Case (AT) No. 20 of 2024. The appellant/applicant in both matters is Suraksha Asset Reconstruction Ltd. The respondents in the main appeal include Sumit Binani & Ors., while the contempt case names Sumit Binani & Ors. as contemnors/respondents. The matter involved representation from multiple legal counsel for both parties, including advocates for the liquidator. The bench consisted of Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Final Outcome
The NCLAT adjourned both the appeal and the contempt case to September 10, 2026, citing "no time left" for hearing the matters on the current date. The order provides no substantive ruling on the merits of either case, being purely procedural in nature.
Topics: NCLAT Proceeding, Corporate Insolvency, Contempt Case