Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 06.11.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing Company Appeal (AT) (Insolvency) No. 698 of 2026 along with an Interlocutory Application (I.A. No. 2726 of 2026). The appellant in the matter is The South Indian Bank Ltd. The respondent is Subodh Kumar Agarwal in his capacity as the Liquidator of Nippon Alloy Ltd. The appeal pertains to the insolvency proceedings of Nippon Alloy Ltd., which is under liquidation. Representatives for both parties were present; Mr. Kaushik Chatterjee and Ms. Samridhi, Advocates, appeared for the appellant bank, while Ms. Veera Mathai, Advocate appeared for Respondent-11, and Ms. Prachi Wazalwar, Advocate appeared for Respondents-4 to 8.
Final Outcome
The bench, comprising Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, did not hear the substantive matter. The order states that the appeal was not taken up for hearing because "no time left." Consequently, the tribunal adjourned the matter and listed it for the next hearing on 17th December, 2026. No other directions were issued, and the substantive issues of the appeal remain pending.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceeding