Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: October 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard an insolvency appeal filed by Punjab National Bank (Appellant) against Sai Leela Synthetics Private Limited and Others (Respondents). The appeal was registered as Comp. App. (AT) (Ins) No. 1903 of 2026, with an connected Interlocutory Application numbered I.A. No. 7225 of 2026. The hearing was conducted in hybrid mode. The bench was comprised of Officiating Chairperson Justice Yogesh Khanna, along with Technical Members Barun Mitra and Ajai Das Mehrotra. Ms. Megha Karnwal, Mr. Aaditya Thorat, Ms. Shreya Mishra, and Chrioty J. Philip represented the applicant (PNB) as advocates.
Final Outcome
The bench adjourned the hearing of the appeal, citing that no time was left to proceed with the matter on that day. The appeal was subsequently listed for the next hearing on October 9, 2026. No substantive orders were passed on the merits of the case.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceeding