Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 2, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard four consolidated appeals filed by individuals against Jankalyan Sahakari Bank Ltd. The appeals are numbered Company Appeal (AT) (Ins.) Nos. 636, 637, 638, and 696 of 2025, each with corresponding interlocutory applications. The appellants are Ravindra Gopikishan Agarwal, Sunita Jayprakash Chitkote, Vijaykumar Ramgopal Gilda, and Ramnivas Vishnudas Agarwal. The proceedings were conducted in hybrid mode with legal representation from both sides: Mr. Pallav Mongia, Ms. Ishita Nayak, and Ms. Kashish Lalwani represented the appellants, while Ms. Soumya Dhawan, Advocate, and CA Ayushi Patidar represented the respondent bank.
Final Outcome
The NCLAT concluded hearing arguments from both parties and reserved its judgment. The bench, comprising Justice Sharad Kumar Sharma (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical), directed the respective counsels to supply their written submissions within one week from September 2, 2026. Additionally, the appellants' counsel was specifically instructed to ensure the supply of hard copies of the rejoinder affidavit.
Topics: NCLAT Proceedings, Cooperative Bank Litigation, Appellate Tribunal