Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 13th October 2026
Case Overview
This is a procedural order from the National Company Law Appellate Tribunal (NCLAT) in an insolvency appeal. The appellant is the Securities and Exchange Board of India (SEBI), and the respondents are Pancard Clubs Ltd. & Others. The appeal is registered as Company Appeal (AT) (Insolvency) No. 1531 of 2024. The matter was heard in hybrid mode. During the hearing, the appellant, SEBI, was represented by a team of advocates including Mr. Abhishek Baid, Mr. Mohit Kumar B., Mr. Praneet Das, and Mr. Ravinder Kumar. No advocates were present on behalf of the respondents, Pancard Clubs Ltd. & Ors. The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member - Technical), and Mr. Ajai Das Mehrotra (Member - Technical).
Final Outcome
The NCLAT bench did not adjudicate on the merits of the case. The sole outcome of this hearing was to list the appeal for a future hearing on 7th January 2027. The order was signed by the bench officers, Ram N. and Manu D.
Topics: NCLAT, SEBI, Insolvency Appeal