NCLAT Reserves Judgment in SBI vs Jyoti Structures Appeal

Case Details

Case Name: State Bank of India & Ors. vs Jyoti Structures Ltd. & Ors.

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

Case Numbers: Comp. App. (AT) (Ins) No. 388 & 389 of 2026

Hearing Date: April 28, 2026

Mode of Hearing: Hybrid Mode

Parties Involved

Appellants: State Bank of India & Others

Represented by: Mr. Tushar Mehta (Solicitor General), Mr. Sunil Ferndandes (Senior Advocate), with supporting advocates including Mr. Abhishek Mukherjee, Mr. Animesh Bisht, Ms. Surabhi Khattar, Mr. Aniruddh Gambhir, Mr. Shivansh Vishwakarma, Mr. Harsh Rathi, Mr. Sriharsh Rai, Anuh A., M. Naik, Vailarh Ram

Respondents: Jyoti Structures Ltd. & Others

Represented by: Mr. Darius Katambata (Senior Advocate) & Mr. Arun Kathpalia (Senior Advocate) with Mr. Anuj Tiwari, Ms. Diksha Gupta, Ms. Shalini Basu, Mr. Shivendranath Mishra, Mr. Sameer Mishra, Vaibhav Vats for Respondent 1 (Jyoti Structures Ltd)

Mr. Abhijeet Sinha (Senior Advocate) with Mr. Malak Bhatt and Ms. Samridhi for Respondents 2 and 3

Tribunal Bench: Justice Ashok Bhushan (Chairperson) and Mr. Barun Mitra (Member Technical)

Final Ruling & Enforcement

The National Company Law Appellate Tribunal reserved judgment in both appeals (388 & 389 of 2026) following the hearing on April 28, 2026. Both parties were permitted to file short notes of submissions not exceeding three pages within one week from the hearing date. The final judgment remains pending as of the hearing date.

Procedural Status

The matter involves appeals filed by State Bank of India against Jyoti Structures Ltd. before the NCLAT. The tribunal has completed hearing arguments from both sides and has reserved its judgment for a future date. The case appears to be at an advanced appellate stage within the insolvency resolution process.