Shivansh Diamond NCLAT Appeal Dismissed

Case Details

Case Name: Shivansh Diamond Pvt. Ltd. vs. Arun Kumar Gupta, Chief Manager, Zonal Sastra Branch, Punjab National Bank

Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi

Case Number: Comp. App. (AT) (Ins) No. 970 of 2026

Order Date: 26 May 2026

Parties Involved

Appellant(s): Shivansh Diamond Pvt. Ltd.

Respondent(s): Arun Kumar Gupta (Chief Manager, Zonal Sastra Branch, Punjab National Bank)

Legal Representatives: For Appellant - Mr. Manohar Malik, Ms. Astha Gumber, Advocates

Tribunal Members: Justice Ashok Bhushan (Chairperson), Barun Mitra (Member (Technical))

Issues / Allegations / Violations

This was an appeal filed against an order dated 14 April 2026 passed by the Adjudicating Authority (NCLT). The NCLT order had re-notified a hearing in a matter to 15 May 2026. The appellant contested this procedural order of adjournment.

Findings & Observations

The Appellate Tribunal observed that no appeal can be entertained against an order that merely re-notifies or adjourns a case to a future date. It was a procedural order without finality on the merits of the case.

Final Ruling & Enforcement

The NCLAT dismissed the appeal. It was held open for the appellant to press their application (including Contempt Petition No. A-41/2024) on the next date of hearing before the Adjudicating Authority (NCLT), whenever the matter is fixed.

Note: This order pertains solely to a procedural appeal regarding an adjournment. It does not contain any substantive findings on financial violations, insolvency, or corporate governance matters. The underlying contempt petition (A-41/2024) and the main case details are not elaborated upon in this order.