Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: September 2, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1056 of 2026 along with I.A. Nos. 4161 and 4162 of 2026. The appeal was filed by Sudarshan Aithal, the Suspended Director of Distribution Logistics Infrastructure Pvt. Ltd., against respondents Bank of India & Others. The matter was heard in hybrid mode with legal representation from both sides present.
Final Outcome
The NCLAT adjourned the appeal upon request made by the learned counsel for the appellant. The appeal is now listed for hearing on September 17, 2026. The tribunal specifically clarified that the mere pendency of this appeal shall not affect any proceedings pending before the Learned Adjudicating Authority.
Topics: NCLAT Proceeding, Corporate Insolvency, Adjournment