Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: 13th July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has listed three connected insolvency appeals for a combined hearing. The appeals are Comp. App. (AT) (Ins) No. 1696 of 2025, Comp. App. (AT) (Ins) No. 1698 of 2025, and Comp. App. (AT) (Ins) No. 1807 of 2025.
The appellants across the three appeals are:
- Prime Metalloys Pvt. Ltd. (in Consortium with Dinesh M Surana)
- Prime Metalloys Pvt. Ltd. & Anr.
- Sunil Mithalal Surana (Member of Suspended Board of Management of Surana Meta Cast (India) Pvt. Ltd.)
The common respondent in all appeals is Ramchandra Dallaram Choudhary, the Resolution Professional (RP) for Surana Metal Cast (India) Pvt. Ltd. Other respondents include the State Bank of India (R4).
The proceedings involve legal representatives for all parties, including Ms. Honey Satpal and Mr. Nipun Singhvi for the appellants, and Mr. Atul Sharma, Ms. Aditi Sharma, and Mr. Ashim Vachher (Sr. Advocate) for the respondents.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Barun Mitra, has directed that all three appeals be listed for hearing on 14th August 2026. The appeals are to be placed 'high on board' for that date. This is a procedural order for listing; no substantive decision on the merits of the appeals was made.
Topics: Insolvency Appeal, Corporate Litigation, NCLAT