NCLAT Reserves Judgment in Rajesh Mehru vs PNB

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

Order Date: 22 July 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 530 of 2026 along with Interlocutory Applications I.A. No. 2042, 2043, and 2044 of 2026. The appeal was filed by Rajesh Mehru against Punjab National Bank (R1) and another respondent (R2). The tribunal bench comprised Justice Sharad Kumar Sharma (Member-Judicial), Arun Baroka (Member-Technical), and Indevar Pandey (Member-Technical). Legal representation included Adv. Viren Sharma, Adv. Yash Srivastava, and Adv. Naman Tripathi for the appellant. For the respondents, Mr. Sandeep Bajaj, Mr. Mayank Biyani, and Mr. Ashwani Sharma represented R2, while Mr. Ajay Shanker represented Punjab National Bank (R1).

Final Outcome

The tribunal concluded hearing arguments from both parties and reserved judgment. The respective counsel for both parties were directed to supply their written submissions within three days from the date of the order (22 July 2026). The final judgment in the matter remains pending.

Topics: NCLAT Proceeding, Banking Dispute, Insolvency Appeal