Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 11th August, 2026
Case Overview
The appeal, registered as Company Appeal (AT) (Insolvency) No. 1545 of 2025, was filed by State Bank of India (Appellant) against Sunil Kumar Agarwal, the Erstwhile Resolution Professional (RP) of Yogiraj Spinning Ltd. (Respondent). The nature of the dispute pertains to proceedings under the Insolvency and Bankruptcy Code, 2016. The matter was heard in hybrid mode. The legal representation for the Appellant was Mr. Harshit Khare, Mr. Prafful Saini Agrawal, and Mr. Ayuj Advocates. The Respondent was represented by Ms. Honey Satpal, Mr. Akash Agarwal, Mr. Aman, and Ms. Tanya Gupta, Advocates. The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Barun Mitra (Member - Technical), and Ajai Das Mehrotra (Member - Technical).
Final Outcome
The Appellate Tribunal did not rule on the merits of the case but issued a procedural order adjourning the hearing. The appeal has been listed again for the next hearing on the 24th of September, 2026. The final outcome of the appeal remains pending.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceeding