Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 29 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected appeals: Comp. App. (AT) (Ins) No. 1665 of 2026 filed by Rajkumar Nandlal Dhoot and Comp. App. (AT) (Ins) No. 1731 of 2026 filed by Pradeep Nandlal Dhoot, both against State Bank of India represented by Mr. Asish Narayan. The appellants were represented by Senior Advocate Mr. Aman Dave with a team of advocates, while the respondent bank was represented by Senior Advocate Mr. Abhijeet Sinha with his team. After hearing learned counsel for the appellants, the bench concluded that the matter requires further consideration.
Final Outcome
The NCLAT issued formal notice to the sole respondent, State Bank of India. The bank's representative, Ms. Neha Shivhare, received the notice and was granted ten days to file a reply, with an advance copy to be provided to the appellants' counsel. The appellants were given four days thereafter to file a rejoinder if they wish. Both appeals have been listed for hearing on 29 October 2026 under the caption "For Hearing" and will be placed high up on the board. The order was passed by Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Topics: NCLAT Proceedings, Banking Dispute, Insolvency Appeal