Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 9, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench has listed three connected appeals for hearing on October 13, 2026. The appeals involve members of the Thumar family as appellants against State Bank of India and other respondents. The specific case numbers are Comp. App. (AT) (Ins) No. 1245 of 2025 (Rasikbhai Ghusabhai Thumar vs. State Bank of India & Ors), Comp. App. (AT) (Ins) No. 1241 of 2025 (Vijyaben Rasikbhai Thumar vs. State Bank of India Stressed Assets Management Branch & Ors), and Comp. App. (AT) (Ins) No. 1242 of 2025 (Savitaben Gordhanbhai Thumar vs. State Bank of India Stressed Assets Management Branch).
The appellants are represented by advocates Mr. Rajesh Bohra and Sangeeta Bohra, while the respondents are represented by Mr. Vibhor Mathur, Pratika Agarwal, and Harsh Raj Singh. The order was issued by a three-member bench consisting of Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical). The proceedings were conducted in hybrid mode.
Final Outcome
The tribunal has not made any substantive decision on the merits of the cases. The order simply lists all three appeals for hearing on October 13, 2026, meaning the matters remain pending before the NCLAT without any interim relief or final determination at this stage.
Topics: Banking Insolvency, NCLAT Proceedings, Debt Recovery