Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 12 October 2026
Case Overview
The appeal (Comp. App. (AT) (Ins) No. 1275 of 2026) involves Neetu Punit Agarwal as appellant versus Central Bank of India & Others as respondents. The order addresses Interlocutory Application (IA) No. 4950 of 2026. The tribunal noted that while it had reserved order on this IA on 16 September 2026, Respondent No. 1 (Central Bank of India) was not heard on that date despite Mr. Asav Rajan marking presence on their behalf. Consequently, the order was de-reserved on 09 October 2026 to address this procedural oversight. The tribunal has received a report from the Deputy Registrar of NCLT, Mumbai Bench pursuant to earlier orders. Notice for IA No. 4950 of 2026 had not been formally issued previously, 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 based on the NCLT Mumbai report. Notice is ordered to be issued to Respondents 2 through 6 who are not currently represented. 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 advance copy to appellant's counsel, who may then file a rejoinder within one week. The case is listed for next hearing on 04 November 2026 under the caption 'For Admission (After Notice)'.
Topics: Insolvency Appeal, Banking Litigation, Tribunal Procedure