Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 12 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected company appeals related to insolvency matters. Company Appeal (AT) (Insolvency) No. 1373 of 2024 was filed by Anshu Saraf against State Bank of India & Another. Company Appeal (AT) (Insolvency) No. 389 of 2025 was filed by Pravin Saraf against the same respondents, State Bank of India & Another. The tribunal noted that in Company Appeal No. 1373 of 2024, the respondent (State Bank of India) had been granted time previously to file an additional affidavit but had failed to do so. Consequently, the opportunity to file the additional affidavit stands closed. The tribunal recorded that pleadings have been exchanged in both appeals.
Final Outcome
The NCLAT listed both appeals 'For Admission' on 13th October, 2026. This means the appeals will be considered for formal admission into the tribunal's hearing process on that date.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings