Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 29 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 875 of 2026. The appeal was filed by Amresh Shukla in his capacity as the Liquidator of Girdharilal Sugar & Allied Industries Ltd. The respondents in the case are Canara Bank (Respondent 1) and other unnamed parties (Respondents 2 onwards). The matter pertains to the corporate insolvency resolution process of Girdharilal Sugar & Allied Industries Ltd. The legal representation for the appellant was led by Mr. J. Rajesh, Md. Arsalan Ahmed, Mr. Yashwardhan Aggarwal, and Mr. Ali Abbas Masoodi. For Respondent 1 (Canara Bank), representation was provided by Mr. Hitesh Sachar, Ms. Anju Jain, and Ms. Rifat Touhid. The counsel for Canara Bank appeared before the bench, which was presided over by Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member (Technical)), and accepted notice of the appeal.
Final Outcome
The Tribunal issued formal notice to the other respondents (Respondents 2 onwards) who had not yet been served. The order mandates that service of notice upon these respondents must be completed within two weeks from the order date (29 June 2026). Furthermore, the respondents are granted a period of three weeks after the completion of service to file their replies, if they choose to do so. The appeal has been listed for its next hearing on 27 July 2026. The order was passed in hybrid mode.
Topics: Insolvency Appeal, Liquidation Proceeding, NCLAT Hearing