Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 05.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals, Comp. App. (AT) (Ins) No. 1891 of 2026 and Comp. App. (AT) (Ins) No. 1892 of 2026, along with their respective Interlocutory Applications (I.A. No. 7183 of 2026 and I.A. No. 7186 of 2026). The appellants are Kavita Dhirendra Chopra and Dhirendra Gautam kumar Chopra, both acting through their common Power of Attorney Holder, Shaitan Singh. The sole respondent in both appeals is Unity Small Finance Bank Limited & Ors. The appeals appear to challenge an order or proceeding from the Learned Adjudicating Authority (likely the NCLT). The specific nature of the underlying dispute is not detailed in this procedural order. The matter before the NCLAT pertained to applications for condonation of delay in refilling the appeals.
Final Outcome
The two-member bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), admitted the delay condonation applications and issued a notice to the respondents (Unity Small Finance Bank Limited & Ors.) returnable on 17th November 2026. The appellants were directed to complete the necessary steps for serving the notice within three working days from the order date. The Tribunal explicitly clarified that the mere pendency of these applications and appeals would not operate as an automatic stay on any related proceedings currently pending before the Learned Adjudicating Authority or any other forum.
Topics: Insolvency Litigation, Banking Law