Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 31 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 1161 of 2025 along with I.A. No. 4541 of 2025. The appeal was filed by State Bank of India as the Appellant against Map Cotton Pvt. Ltd. as the Respondent. The proceedings were conducted in hybrid mode. The Appellant was represented by advocates Mr. Harshit Khare, Mr. Prafful Saini, and Mr. Ayuj Agrawal, while the Respondent was represented by advocate Ms. Natasha Dhruman Shah. The three-member bench consisted of Justice Sharad Kumar Sharma (Member Judicial), Mr. Arun Baroka (Member Technical), and Mr. Indevar Pandey (Member Technical).
Final Outcome
The NCLAT bench adjourned the hearing and listed the appeal for the next hearing on 18 September 2026. No substantive decisions were made on the merits of the case during this hearing. The order represents a procedural adjournment rather than a final disposition of the insolvency appeal.
Topics: Insolvency Appeal, Banking Dispute, Legal Proceedings