Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 15th July, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 529 of 2026, an appeal filed by State Bank of India (Appellant) against Rajesh Gaurishankar Poddar in his capacity as Personal Guarantor of Loha Ispaat Ltd., along with another respondent. The appeal relates to insolvency proceedings involving the corporate debtor Loha Ispaat Ltd. The order was passed in hybrid mode with legal representation present for both parties: Mr. Harshit Khare and Ayuj Agrawal appearing for the Appellant (SBI), and Mr. Karan Gandhi and Sikhar Tiwari appearing for the Respondents.
Final Outcome
The NCLAT bench comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Barun Mitra listed the appeal for hearing on 29th July, 2026. No substantive hearing or decision on merits occurred in this order, which served purely as a scheduling directive for the next hearing date.
Topics: Insolvency Appeal, Personal Guarantor, Banking Debt