Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 2, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 35 of 2026 along with I.A. Nos. 135, 136, and 137 of 2026. The appeal involves State Bank of India as the appellant against Sunil Kumar Agarwal (Resolution Professional of Yogiraj Spinning) and other respondents. The matter concerns insolvency proceedings related to Yogiraj Spinning. The respondent has filed their reply to the appeal, and the tribunal directed the respondent's counsel to serve a copy of this reply to the appellant (State Bank of India).
Final Outcome
The NCLAT granted the appellant (State Bank of India) time to file a rejoinder, if any, by July 17, 2026. The appeal has been listed for next hearing on August 5, 2026. The tribunal ordered that the interim order currently in place shall continue until the next hearing date. The bench comprised Justice N. Seshasayee (Member Judicial), Arun Baroka (Member Technical), and Indevar Pandey (Member Technical).
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings