Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 24 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has before it three connected insolvency appeals: Comp. App. (AT) (Ins) No. 1141 of 2026, Comp. App. (AT) (Ins) No. 1142 of 2026, and Comp. App. (AT) (Ins) No. 1144 of 2026. The appellants are Saranga A. Aggarwal (through Power of Attorney holder Gokul Anilkumar Aggarwal), Anubhav A. Aggarwal (through Power of Attorney holder Mr. Gokul Anilkumar Aggarwal), and Gokul Anilkumar Aggarwal himself. The common respondent in all three appeals is the State Bank of India (SBI) & Anr. The appeals challenge proceedings where SBI is involved as a respondent. The appellants are represented by a team of advocates including Mr. J. Rajesh, Mr. Kartik Irabath, Mr. Aniruth Purusothaman, Md. Arsalan Ahmed, Mr. Yashwardhan Aggarwal, and Mr. Ali Abbas Masoodi. The respondents, specifically SBI, are represented by Mr. Harshit Khare, Mr. Prafful Saini, and Mr. Ayuj Aggarwal.
Final Outcome
The bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members (Technical) Barun Mitra and Ajai Das Mehrotra, did not make any substantive ruling on the merits of the appeals. The order simply lists these appeals for the next hearing on 14 September 2026. The proceedings remain pending with no final outcome or decision rendered at this stage.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceeding