Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 12, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) is hearing an appeal filed by NKGSB Co-Operative Bank Ltd. against Ajit Kumar, the Resolution Professional of Omkar Specialty Chemicals Ltd., and other respondents. The appeal relates to the corporate insolvency resolution process of Omkar Specialty Chemicals Ltd. The matter appears to involve disputes concerning the resolution process of the corporate debtor.
Final Outcome
The Tribunal has scheduled the next hearing for December 18, 2026. The respondent has been directed to file their reply within one week from October 12, 2026. The appellant may file a rejoinder, if any, within two weeks from the same date. The bench comprising Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member Technical) issued the procedural order in hybrid mode.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceedings