Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 10 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), heard Comp. App. (AT) (Ins) No. 1394 of 2026. The appeal was filed by NKGSB Co-Operative Bank Ltd. (Appellant) against KSM Multitrade LLP (Respondent). After hearing the appellant's counsel, Mr. Sagar Wagle, along with Mr. Kashyap Samant and Ms. Lisa Rasquinha, the tribunal determined that the matter requires consideration.
Final Outcome
The NCLAT issued formal notice to the respondent, KSM Multitrade LLP. The appellant bank was directed to complete all necessary procedural steps, including payment of process fees and submission of requisites, within three working days from the order date (10 August 2026). The matter has been listed for the next hearing on 08 September 2026 under the caption 'For Admission (After Notice)', indicating the appeal will proceed to the admission stage following service of notice.
Topics: NCLAT Proceedings, Banking Litigation, Appellate Jurisdiction