Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 30 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing Comp. App. (AT) (Ins) No. 18 of 2025, an appeal filed by the Small Industries Development Bank of India (SIDBI) against respondent Hitesh Subhash Punjani. The matter appears to involve insolvency proceedings between the development bank and the individual respondent. The respondent was represented by Advocate Mr. Mayank Tushamar during the proceedings, while the appellant's appearance was not specifically marked in the order.
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Naresh Salecha (Member Technical) adjourned the hearing due to lack of time. The matter has been listed for next hearing on 26th November 2026. No substantive hearing or decision on merits occurred during this proceeding.
Topics: Insolvency Appeal, Banking Litigation, Tribunal Procedure