Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 03 November 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi heard Comp. App. (AT) (Ins) No. 437 of 2026, which is an appeal filed by UCO Bank against Nicco UCO Alliance Credit Ltd. The appeal relates to insolvency proceedings between the banking institution and the credit company. The matter was presented before a bench consisting of Justice Yogesh Khanna (The Officiating Chairperson), Barun Mitra (Member Technical), and Ajai Das Mehrotra (Member Technical). The appellant, UCO Bank, was represented by Senior Advocate Mr. P. Nagesh along with advocates Mr. Tavish B. Prasad, Mr. Shooryaditya, and Mr. Akshay Bholu.
Final Outcome
The tribunal adjourned the hearing of the appeal due to time constraints, stating "As no time left." The matter has been relisted for the next hearing on 02 December 2026. No substantive arguments were heard or decisions made on the merits of the case during this hearing.
Topics: Insolvency Appeal, Banking Dispute, Legal Adjournment