Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1245 of 2026 filed by Virender Kumar, former director of BLD Metal and Alloys Pvt. Ltd., along with another appellant, against Ujjivan Small Finance Bank Ltd. and another respondent. The appeal arises from insolvency proceedings before the Adjudicating Authority (NCLT). The tribunal conducted the hearing in hybrid mode with legal representatives present for both parties.
Final Outcome
The NCLAT issued notice in the matter and adjourned the case to 07 September 2026 for further hearing. The tribunal directed the appellants to serve the copy of the appeal paper book to respondent No. 1 (Ujjivan Small Finance Bank Ltd.) by the next day (16 July 2026). Additionally, respondent No. 1 was ordered to file proof of service upon the appellant before the Learned Adjudicating Authority along with an affidavit by the next date of hearing.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Litigation