Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 09 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench has listed two connected insolvency appeals for hearing. The appeals were filed by Jatin Rajpal (Company Appeal (AT) (Ins) No. 1503 of 2025) and Ashok Rajpal (Company Appeal (AT) (Ins) No. 1505 of 2025) against State Bank of India (SBI) and another respondent. The appeals challenge orders related to corporate insolvency resolution proceedings where SBI appears to be the lead financial creditor. The tribunal has designated both appeals as 'high on board' and scheduled them for hearing on 13 August 2026.
Final Outcome
The tribunal's order is procedural, directing that both connected appeals be listed for substantive hearing on 13 August 2026. No substantive decision on the merits of the appeals was made in this order.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings