Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 18 September 2026
Case Overview
The appeal, registered as Comp. App. (AT) (Ins) No. 1779 of 2026, was filed by Udit Harish Sheth, who is identified as the Suspended Director of SE Transstadia Pvt. Ltd. The respondents in the case are Union Bank of India and another unnamed party (Anr.). The proceeding is an insolvency-related appeal. The appellant was represented by advocates Mr. Aman Raj Gandhi, Mr. Ojasvi Sharma, and Mr. Chaitanya Sharma. The first respondent, Union Bank of India, was represented by Senior Advocate Mr. Gaurav Mitra along with advocates Mr. Aayush Agarwal and Mr. Amey Hadwale. The second respondent was represented by Ms. Udita Singh.
Final Outcome
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical), adjourned the hearing of the appeal. The adjournment was granted in response to a request made by the Learned Counsel for the Appellant. The appeal is now scheduled to be listed next on Monday, September 21, 2026, under the same caption.
Topics: NCLAT, Insolvency Proceedings