Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 22.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard two connected insolvency appeals filed by Punjab National Bank & Others as appellants against Rajneesh Sharma (Administrator) & Others as respondents. The appeals were registered as Comp. App. (AT) (Ins) No. 1375 of 2024 with I.A. No. 5006 of 2024 and Comp. App. (AT) (Ins) No. 1377 of 2024 with I.A. No. 5014 of 2024. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical). Multiple advocates represented both parties: Mr. S.S. Hooda, Mr. Aasyushman Aeron, Mr. Manpreet Singh, and Mr. Shaurya Banshta appeared for the appellants (Punjab National Bank), while Mr. Raunak Dhillon, Mr. Nihaad Dewan, Mr. Adhiraj Andlay represented Respondent-5, and Mr. Mukul Arya represented Respondent-4.
Final Outcome
The tribunal adjourned both appeals without conducting a substantive hearing, citing "No time left." The matters were listed for the next hearing on 24th August 2026. No substantive orders were passed on the merits of the case.
Topics: Insolvency Appeal, Banking Dispute