Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an appeal filed by Dr. Subodh Kumar, described as the "Erstwhile Director" of Sukriti Hospital and Research Centre Pvt. Ltd. The appeal was filed against Bank of India (Respondent No. 1) and another unnamed respondent. The case is registered as CA (AT) (Ins) No. 1651 of 2026. The tribunal, after hearing arguments from Mr. Manan Shishodia (counsel for the appellant) and reviewing the record, determined that the "matter requires consideration," indicating the appeal has been admitted for further hearing.
Final Outcome
The NCLAT issued procedural directions: (1) Respondent No. 1 (Bank of India), represented by Ms. Sanjana Nandi, was granted two weeks to file a reply; (2) The appellant may file a rejoinder within one week after receiving the reply; (3) Notice was issued to the Interim Resolution Professional (IRP), with instructions for process fee and requisites to be completed within three working days; (4) The matter was listed for the next hearing on 04 November 2026 for 'Admission (After Notice)'. Critically, the tribunal clarified that it did not grant any stay on the Corporate Insolvency Resolution Process (CIRP), meaning the process will continue to proceed towards its logical conclusion during the appeal.
Topics: NCLAT Appeal, Corporate Insolvency, Director Liability