Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard Comp. App. (AT) (Ins) No. 1056 of 2026 along with I.A. No. 4161 and 4162 of 2026. The appeal was filed by Sudarshan Aithal, the suspended director of Distribution Logistics Infrastructure Pvt. Ltd., against Bank of India and other respondents. The matter appears to involve insolvency proceedings concerning Distribution Logistics Infrastructure Pvt. Ltd., with Bank of India being the primary financial creditor/respondent. The arguments from both parties were presented and concluded during the hearing.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) reserved their judgment after hearing arguments from both sides. The parties were granted permission to file written submissions within seven days from the order date (by 24 September 2026), with the condition that submissions must not exceed 3-4 pages and should be in Times New Roman font, size 14. The written submissions should specifically cite relevant paragraphs of legal reports relied upon by the parties.
Topics: Insolvency Appeal, NCLAT Proceedings, Corporate Litigation