Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 10th June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.176/2024 along with Interlocutory Applications Nos. 475 & 476/2024. The appeal was filed by Axis Bank Ltd. against R. Venkatakrishnan, the Resolution Professional of St. John Freight Systems Ltd. During the proceedings held in hybrid mode, there was no appearance recorded for the appellant (Axis Bank Ltd.). The respondents were represented by Ms. Niveditha Narayanan, Advocate, appearing for Mr. TK Bhaskar, Advocate. The bench comprised Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The NCLAT bench adjourned the hearing of the appeal and listed it for the next hearing on 10th August 2026 under the caption 'For Hearing'. No substantive orders were passed on the merits of the case during this hearing.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings