Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 05.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard an appeal filed by Shilpaben Mukeshkumar Shah (Appellant) against Small Industries Development Bank of India (SIDBI) and another respondent. The appeal was registered as Comp. App. (AT) (Ins) No. 1401 of 2026. After hearing the appellant's counsel in depth and perusing the record, the tribunal formed the view that the matter requires consideration. However, regarding the issuance of interim directions, the tribunal determined that an opportunity of being heard must be given to the respondents before any interim relief could be granted.
Final Outcome
The NCLAT issued formal notice to the respondents (SIDBI & Anr.). The appellant was directed to complete all requisite steps along with process fee within 24 hours. The appellant was also granted liberty to serve the respondents by hand (Dasti service). The matter has been listed for the next hearing on 14.08.2026 under the same caption before the same bench consisting of Justice Mohammad Faiz Alam Khan (Member Judicial) and Naresh Salecha (Member Technical).
Topics: NCLAT Proceeding, Corporate Litigation, Financial Institution