Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing multiple connected appeals involving financial institutions and Housing Development & Infrastructure Ltd. The appeals include Comp. App. (AT) (Ins) No. 1399 & 1400 of 2024 along with several I.A. applications, and Comp. App. (AT) (Ins) No. 1692 of 2024. The appellants are Unity Small Finance Bank Ltd. and Central Bank of India, while the respondents include Abhay Narayan Manudhane (Resolution Professional for Housing Development & Infrastructure Ltd.) and numerous other parties.
Multiple legal representatives appeared for the parties:
- For Unity Small Finance Bank: Mr. K. Datta (Senior Advocate) with a team of advocates
- For the Resolution Professional: Ms. Meghna Rao with a team of advocates
- For various respondents: Senior Advocates Mr. Ramji Srinivasan, Mr. Arun Kathpalia, and other legal teams
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) adjourned all appeals due to "paucity of time." The matters have been rescheduled for hearing on November 2, 2026, at 2:00 PM. No substantive hearing or decision on the merits of the cases occurred during this session.
Topics: NCLAT Proceedings, Insolvency Appeals, Banking Litigation