SC Stays NCLT Order on UCO Bank

Authority: Supreme Court of India

Order Date: 09-09-2026

Case Overview

• Appellant: Sharmila Khemka; Respondents: UCO Bank and others.
• Civil Appeal No.12459/2026 filed for admission IA No.270253/2026, seeking stay of an NCLT order.
• The impugned order dated 19 June 2026 was passed by the NCLT Kolkata Bench in C.P. (IB) No.113/KB/2023 titled “UCO Bank v. Sharmila Khemka”.
• The bench consisted of Justices Pamidighantam, Sri Narasimha and Alok Aradhe; counsel for appellant included Sanjiv Sen, Aditya Kanodia, Sonia Dube, Kanchan Yadav, Saumya Sharma; respondent counsel Brijesh Kumar Tamber.

Final Outcome

• The Supreme Court ordered issuance of notice, returnable on 12 October 2026.
• It stayed the effect and operation of the NCLT Kolkata Bench order dated 19 June 2026, thereby suspending its enforcement pending further proceedings.

Topics: Court Order, Banking Insolvency, Stay of NCLT Decision