Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: August 13, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard five connected insolvency appeals filed by Punjab National Bank (Appellant) against various individual respondents. The appeals were numbered as Company Appeal (AT) (Insolvency) No. 1689 of 2025, 1720 of 2025, 1721 of 2025, 1722 of 2025, and 1723 of 2025, each with corresponding Interlocutory Applications (I.A. Nos. 6663, 6781, 6783, 6785, and 6787 of 2025 respectively).
The appellant, Punjab National Bank, was represented by advocates Mr. Karan Gandhi, Mr. Sikhar Tiwari, and Mr. Sunav Rastogi in all five appeals. The respondents had different legal representation: Mr. Dhananjay Bhaskar Ray represented respondents in Appeals No. 1689, 1720, 1722, and 1723, while Mr. Dhananjay Mishra and Mr. Bhargav Verma represented the respondent in Appeal No. 1721.
The individual respondents named in the appeals were: Suryakanta Acharya (Appeal No. 1689), Atulya Kumar Dash (Appeal No. 1720), Pramod Chandra Ratha (Appeal No. 1721), Lora Mitra Rath (Appeal No. 1722), and Prashanta Chandra Ratha (Appeal No. 1723).
Final Outcome
The bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical) adjourned all five appeals due to time constraints on August 13, 2026. The matters were relisted for hearing on September 17, 2026. No substantive hearings or decisions on the merits of the cases occurred during this proceeding.
Topics: Insolvency Proceedings, Banking Litigation, Judicial Adjournment