Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 05.11.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) is hearing two connected insolvency appeals: Company Appeal (AT) (Ins) No. 2154 of 2026 (Subhash Dabas vs Canara Bank Limited & Anr.) and Company Appeal (AT) (Ins) No. 2155 of 2026 (Suraj Mal Dabas vs Canara Bank Limited & Anr.). The appellants are represented by Mr. Arun Kathpalia (Senior Advocate) along with Mr. Pallav Saxena, Mr. Rudra Chauhan, and other advocates. The respondents (Canara Bank Limited and the Resolution Professional) are represented by Mr. Karan Gandhi, Ms. Riya Jain, Ms. Shipra, Ms. Himanshi Chandani, and Ms. Anju Agarwal.
During the hearing, a consensus was reached between the counsel for the appellants and the financial creditor (Canara Bank) that the appeals may be disposed of at the admission stage itself. Both parties consented that after hearing oral submissions, they should be granted an opportunity to submit written submissions along with documentary evidence that was already available before the Adjudicating Authority. The written submissions to be filed by the respondents may be treated as their reply.
The tribunal heard Mr. Arun Kathpalia, learned Senior Advocate appearing for the appellants, who began his submissions but could not conclude them.
Final Outcome
The NCLAT bench comprising Justice Mohd. Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned the hearing and listed both appeals for the next day, i.e., 06.11.2026, for continuation of proceedings.
Topics: Insolvency Appeal, Banking Dispute