Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 24th July, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) has listed an appeal filed by Nilesh Upadhayay, son of Ramesh Chandra Upadhyay, who is described as an ex-director of the suspended management of Shree Uttam Food Products (India) Pvt. Ltd. The appeal is filed against Punjab National Bank (Respondent 1) and another respondent. The appeal arises from proceedings related to the corporate insolvency resolution process of Shree Uttam Food Products (India) Pvt. Ltd. The order dated July 24, 2026, is purely procedural and does not contain any substantive arguments, findings, or decisions on the merits of the case.
Final Outcome
The NCLAT bench comprising Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical) directed that the appeal (Comp. App. (AT) (Ins) No. 2025 of 2025) be listed for hearing on September 10, 2026. No other directions were issued, and the matter remains pending for substantive hearing.
Topics: NCLAT Proceedings, Corporate Insolvency, Banking Dispute