Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 9, 2026
Case Overview
This is an insolvency appeal filed by Punjab National Bank (Appellant) against Sai Leela Synthetics Private Limited and Others (Respondents). The appeal bears Company Appeal (AT) (Insolvency) No. 1903 of 2026 and includes an Interlocutory Application numbered I.A. No. 7225 of 2026. The matter was heard in hybrid mode. Legal representation was present only for the appellant, represented by advocates Ms. Megha Karnwal, Aaditya, Shrey Mishra, and Christy J. Philip. No advocates appeared on behalf of the respondents.
Final Outcome
The bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Mr. Barun Mitra and Mr. Ajai Das Mehrotra, issued a procedural order to list the appeal for hearing on October 12, 2026. The order was signed by court staff Ram N. and Manu D. No substantive hearing or ruling on the merits of the insolvency appeal occurred in this order.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceeding