Udit Sheth NCLAT Appeal Adjourned to November 30

Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: November 2, 2026

Case Overview

This is a procedural order in Company Appeal (AT) (Ins.) No. 1779 of 2026. The appellant is Udit Harish Sheth, the suspended director of SE Transstadia Pvt. Ltd. The respondents are Union Bank of India (Respondent No. 1) and another party (Respondent No. 2), represented by a Resolution Professional. The order addresses the filing of replies and a rejoinder in the ongoing insolvency appeal.

Final Outcome

The Tribunal recorded that Respondent No. 2's counsel would not be filing a reply to applications mentioned in a previous order dated September 21, 2026. Respondent No. 1 (Union Bank of India) was permitted to bring a hard copy of its filed reply on record. The appellant, Udit Harish Sheth, was granted two weeks to file a rejoinder to this reply. The appeal was adjourned and is now listed for the next hearing on November 30, 2026.

This content is a procedural update and may not be financially relevant at this stage.