NCLAT Reserves Judgment in Excel Arcade vs Unity SFB

Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 16.10.2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard arguments from both parties regarding Interim Application (I.A.) No. 7094 of 2026, which is filed within Company Appeal (AT) (Ins) No. 330 of 2026. The appeal involves Excel Arcade Pvt. Ltd. as the appellant and Unity Small Finance Bank Ltd. as the respondent. The matter was heard in hybrid mode with senior advocates representing both sides: Mr. Gaurav Mitra with a team of advocates for the applicant, and Mr. Krishnendu Datta with a team for the respondents.

Final Outcome

The Tribunal reserved judgment on the interim application. Both parties were directed to file short written submission notes, limited to three pages each, within one week from the order date (by approximately October 23, 2026). The bench comprised Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical).

Topics: NCLAT Proceeding, Interim Application, Insolvency Appeal