Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an appeal filed by Shilpaben Mukeshkumar Shah against the Small Industries Development Bank of India (SIDBI) and another respondent. The appellate tribunal, after hearing the appellant's counsel in depth and perusing the record, formed the considered view that the matter requires consideration. However, regarding the issuance of interim directions, the tribunal determined that an opportunity of being heard must be given to the respondents before any interim relief can be granted.
Final Outcome
The NCLAT issued formal notice to the respondents (SIDBI & Anr.) and directed the appellant to complete all requisite steps along with process fee within 24 hours. The tribunal also granted liberty to the appellant to serve the respondents by hand (Dasti method). The matter has been listed for the next hearing on August 14, 2026, under the same caption. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical).
Topics: NCLAT Proceedings, Financial Institution Litigation