Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi
Order Date: September 15, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench in New Delhi was hearing three connected insolvency appeals filed by Union Bank of India & Others (Appellants) against the Assistant Commissioner of Sales Tax & Excise, Baddi Circle-2 & Another (Respondents). The appeals were registered as Comp. App. (AT) (Ins) No. 1559 of 2024 (with I.A. No. 5649 & 5650 of 2024), Comp. App. (AT) (Ins) No. 1560 of 2024 (with I.A. No. 5652 & 5653 of 2024), and Comp. App. (AT) (Ins) No. 1965 of 2024. The appellants were represented by advocates Mr. Arun Kumar Shukla, Mr. Dechen Angmo, and Mr. Naman Shukla. The first respondent (Assistant Commissioner of Sales Tax & Excise) was represented by advocates Mr. Krit J. Hakani, Ms. Niyati Mankad Hakani, Mr. Rahul Hakani, and Mr. Manish Paliwal. The bench comprised Justice Mohammad Faiz Alam Khan (Member - Judicial) and Mr. Naresh Salecha (Member - Technical).
Final Outcome
The bench noted that there was "No time left" to hear the matters on the scheduled date. Consequently, all three appeals and their connected interim applications were adjourned. The next date of hearing for all matters is October 27, 2026. No substantive issues, allegations, or merits of the case were discussed or decided in this order.
Topics: NCLAT, Insolvency Appeal, Adjournment