Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 26th October, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) issued a procedural order addressing four interconnected company appeals. The appeals involve Punjab National Bank as the appellant in two cases (Company Appeal (AT) No. 400 of 2026 and Company Appeal (AT) No. 401 of 2026) against respondents Kunika Malhotra and Others. Two additional appeals (Company Appeal (AT) No. 369 of 2026 and Company Appeal (AT) No. 373 of 2026) feature Kunika Malhotra as the appellant against various respondents including Unique Properties and Securities Pvt. Ltd. and Vidyut Metallics Pvt. Ltd. The order addresses the procedural management of these interconnected cases.
Final Outcome
The tribunal directed that all four appeals (400/2026, 401/2026, 369/2026, and 373/2026) be listed together for hearing. The court noted that in Appeals 400/2026 and 401/2026, there are two pending Interlocutory Applications (IAs) - one for leave to appeal and another seeking condonation of delay in refiling. Respondents were requested to complete their instructions regarding these IAs by the next hearing date. The tribunal further directed that all connected appeals, including two additional appeals preferred by Punjab National Bank that have not yet matured to be placed as fresh, be listed as 'Fresh Cases' on 28th October, 2026 for further proceedings.
Topics: NCLAT Proceedings, Banking Litigation, Procedural Order