Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi has listed an insolvency appeal filed by State Bank of India against Adhunik Steels Ltd for further hearing. The appeal, registered as Comp. App. (AT) (Ins) No. 1192 of 2019, was heard in hybrid mode on July 7, 2026. Both parties were represented by legal counsel: State Bank of India by Ms. Misha, Ms. Mahima Sareen, Mr. Nikhil Mathur and Adv. Shailee Basu, while Adhunik Steels Ltd was represented by Mr. Anup Kumar, Ms. Neha Jaiwal, Mr. Shivam Kumar and Adv. Achint Priya Arshi. The bench comprised Justice N. Seshasayee (Member Judicial) and Barun Mitra (Member Technical).
Final Outcome
The tribunal ordered that the appeal be listed for hearing on August 19, 2026. This is a procedural order that simply schedules the next hearing date without addressing the substantive merits of the case.
Topics: Insolvency Appeal, Banking Dispute, Steel Sector