Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 05.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi was hearing Company Appeal (AT) (Insolvency) No. 712 of 2024. The appellant is Kaustuv Ray, identified as a Suspended Board of Director of R.P. Info System Ltd. The respondents are State Bank of India & Anr. (another party). The legal representation included Mr. Kunal Mimani, Mr. Kartikey Bhatt, Mr. Prashant Alai and Mr. Abhinav Rana as advocates for the appellant, and Mr. Asav Rajan as advocate for Respondent-1 (State Bank of India).
Final Outcome
The three-member bench, consisting of Member (Judicial) Justice Sharad Kumar Sharma and Members (Technical) Arun Baroka and Indevar Pandey, could not hear the matter on 05.10.2026 due to "paucity of time." The appeal has been adjourned and is now listed for hearing on 26th November 2026. No substantive proceedings, arguments, or decisions on the merits of the insolvency case occurred during this hearing.
Topics: Insolvency Proceedings, Corporate Litigation, Banking Dispute