Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24.09.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard CA (AT) (Ins) No. 1651 of 2026, an appeal filed by Dr. Subodh Kumar, the erstwhile Director of Sukriti Hospital and Research Centre Pvt. Ltd., against Bank of India & Anr. (Respondents). The matter relates to corporate insolvency resolution process (CIRP) proceedings. The Tribunal, after hearing arguments from Mr. Manan Shishodia (Advocate for the Appellant) and perusing the record, determined that the matter requires consideration for admission.
Final Outcome
The NCLAT issued procedural directions: (1) Notice was issued to the Interim Resolution Professional (IRP); (2) Respondent No. 1 (Bank of India), represented by Ms. Sanjana Nandi, was granted two weeks to file a reply with an advance copy to the Appellant's counsel; (3) The Appellant was given one week thereafter to file a rejoinder if desired; (4) Process fee and requisites for serving notice must be completed within three working days from the order date; (5) The case was listed for the next hearing on 04.11.2026 'For Admission (After Notice)'. Critically, the Tribunal clarified that it did not grant any stay on the CIRP process, which would continue to be taken to its logical end during the pendency of this appeal.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Debtor