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 arguments in Company Appeal (AT) (Insolvency) No. 1056 of 2026 along with connected Interlocutory Applications Nos. 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 lead financial creditor among the respondents. The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), concluded hearing arguments from both parties represented by senior counsel.
Final Outcome
The NCLAT reserved its judgment in the matter. The court permitted learned counsel for both parties to file written submissions within seven days from the order date (by 24 September 2026), with specific formatting requirements: the submissions must not exceed 3-4 pages and should use Times New Roman font with size 14. The submissions should cite relevant paragraphs of legal reports relied upon during arguments.
Topics: Insolvency Appeal, Corporate Litigation, Banking Dispute