Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 10th July, 2026
Case Overview
This is an order from the National Company Law Appellate Tribunal (NCLAT) in Comp. App. (AT) (Ins) No. 905 of 2026 along with I.A. No. 4479 of 2026. The appellant is Bhawanishankar Sharma, a Member of The Suspended Board of Directors of Supreme Housing and Hospitality Pvt. Ltd. The respondents are Canara Bank & Anr. The learned counsel for Respondent No. 1 (Canara Bank) informed the tribunal that a fresh proposal has been received from the Appellant and that the bank is currently reviewing it.
Final Outcome
The tribunal adjourned the hearing and listed the appeal for the next date of hearing on 7th August, 2026. The interim order that was previously granted in this matter is to continue until the next hearing.
Topics: Insolvency Appeal, Corporate Law, Banking