Union Bank Impleaded in RCI Industries NCLAT Appeal

NCLAT allows Union Bank of India's application to be impleaded as a respondent in appeals concerning RCI Industries and Technologies Ltd.
The bank, representing all financial creditors, seeks to pursue PUFA applications related to the corporate debtor's assets.
The appeals, which concern properties also subject to a Section 66 IBC application, are adjourned to May 21, 2026.