Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1438 of 2026, an insolvency appeal filed by Ravindra P. Birole, the suspended director of Shri Gajanan Maharaj Sugar Ltd., against Central Bank of India and another respondent. The matter represents ongoing insolvency proceedings involving the sugar company and its banking creditor.
Final Outcome
The tribunal permitted Respondent No. 1 (Central Bank of India) to bring on record the hard copy of their reply filed online. The appellant's counsel was granted two weeks to file a rejoinder. The case has been adjourned and is now listed for November 19, 2026 under the same caption for further proceedings. The order was passed by Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) in hybrid mode.
Topics: Insolvency Proceedings, Corporate Litigation, Banking Dispute