Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 12.10.2026
Case Overview
This order pertains to Comp. App. (AT) (Ins) No. 1275 of 2026 and I.A. No. 4950 of 2026 between appellant Neetu Punit Agarwal and respondents Central Bank of India & Ors. The Tribunal had previously reserved its order on IA No. 4950 of 2026 on 16.09.2026 but noted that while Mr. Asav Rajan had marked presence for Respondent No. 1/Central Bank of India on that date, there was no indication in the order that he had been heard specifically regarding the IA. Consequently, the Tribunal de-reserved the order on 09.10.2026. A report has been submitted by the Deputy Registrar of NCLT, Mumbai Bench in pursuance of earlier orders. The Tribunal observed that notice for IA No. 4950 of 2026 had not been formally issued, and Respondent No. 1 appeared based on advance notice from the appellant.
Final Outcome
The Tribunal determined that IA No. 4950 of 2026 requires consideration and ordered that notice be issued to Respondents No. 2 to 6. The appellant must complete all requisite steps and process fee within three working days. Respondent No. 1/Central Bank of India may file a reply within two weeks, with an advance copy to the appellant's counsel. The appellant may then file a rejoinder within one week thereafter. The matter is listed for next hearing on 04.11.2026 under the caption 'For Admission (After Notice)'.
Topics: NCLAT Proceedings, Banking Litigation, Insolvency Appeal