Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 8, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1055 of 2026 along with Interlocutory Application No. 4158 of 2026. The appeal was filed by Punjab & Sind Bank (Appellant) against Kunal Structure (India) Pvt. Ltd. (Respondent). The matter relates to insolvency proceedings, though the specific nature of the underlying dispute is not detailed in this procedural order.
The tribunal noted that while the appellant was present, their appearance was not formally marked on record. The respondent's representation status was not specified in the order.
Final Outcome
The NCLAT issued notice to the respondent (Kunal Structure India Pvt. Ltd.) and directed the appellant (Punjab & Sind Bank) to provide the respondent's mobile number and email address within two days. The tribunal ordered that notice be served through email or any other available mode. The appellant was also directed to file requisites along with process fee within two days. The case has been listed for further hearing on August 13, 2026, when both the application and the main appeal will be considered.
The bench comprised Justice N. Seshasayee (Member-Judicial) and Barun Mitra (Member-Technical).
Topics: Insolvency Proceedings, Legal Appeal, Banking Dispute