NKGSB Bank Appeals NCLAT Order Against KSM Multitrade

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

Order Date: 10 August 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Comp. App. (AT) (Ins) No. 1394 of 2026, an appeal filed by NKGSB Co-Operative Bank Ltd against KSM Multitrade LLP. The matter was presented in hybrid mode. The appellant was represented by advocates Mr. Sagar Wagle, Mr. Kashyap Samant, and Ms. Lisa Rasquinha. After hearing the appellant's counsel and reviewing the record, the bench determined that the matter requires consideration.

Final Outcome

The NCLAT bench issued notice to the respondent (KSM Multitrade LLP) and directed that steps along with process fee and requisites be taken within three working days from the order date. The case has been listed for the next hearing on 8th September 2026 under the caption 'For Admission (After Notice)'. The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical).

Topics: NCLAT Proceedings, Banking Litigation, Appellate Notice