Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 07 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected insolvency appeals:
1. Company Appeal (AT) (Insolvency) No. 945 of 2026: Filed by Prakash Chandra Agarwalla, Suspended Director and Shareholder of Akshara Highrise Private Limited, against UCO Bank & Another.
2. Company Appeal (AT) (Insolvency) No. 984 of 2026: Filed by Chandrakant Khemka, Suspended Director and Shareholder of Shaivlini Impex Pvt. Ltd., against UCO Bank & Another.
Both appeals were represented by the same legal teams. For the appellants: Mr. Saunak Mitra, Mr. Aditya Kanodia, Mr. Dripto Majumdar, and Mr. Pratik Dutta. For the respondents (UCO Bank): Mr. Brijesh Kumar Tamber, Mr. Vinay S. Bist, Mr. Dhimaan Datta, and Mr. Tavish B. Prasad.
The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member - Technical), and Mr. Ajai Das Mehrotra (Member - Technical). The proceedings were conducted in hybrid mode.
Final Outcome
The NCLAT bench listed both appeals for next hearing on 06 November 2026. No substantive hearing or decision on merits occurred in this order, which was purely procedural for scheduling purposes.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Procedure