Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 24th August 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) concerning an insolvency appeal. The appellant is Parkash Cotton Pressing Factory. The respondents are Allahabad Bank & Others. The appeal is registered as Comp. App. (AT) (Ins) No. 328 of 2025, with an interconnected Interlocutory Application (I.A. No. 1243 of 2025). The order was passed in hybrid mode. Counsel for the respondents, Mr. Vaibhav Gaggar (Senior Advocate) along with other advocates, was present. Appearance for the appellant was not marked.
Final Outcome
The tribunal did not hear the matter on the scheduled date, citing "No time left." The hearing was postponed and the appeal is now listed to be heard on 14th September 2026. The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), specifically ordered that the case be listed "in the top five cases of the cause list" on the next date.
Topics: Insolvency Appeal, NCLAT, Hearing Adjournment