Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 16 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has admitted three connected Company Appeals filed by Canara Bank as the Appellant. The appeals are directed against a common order dated 20 April 2026 passed by the lower court (Adjudicating Authority) in respective company petitions. In that order, the proceedings initiated by Canara Bank under Section 95 of the Insolvency and Bankruptcy Code (I&B Code) were rejected. The Tribunal noted that the matter requires scrutiny.
Final Outcome
The NCLAT has issued notices to the Respondents (A Vijaya Laxmi & Anr. in CA No.330/2026; AS Gopal & Anr. in CA No.331/2026; and AL Rajasekhar & Anr. in CA No.333/2026). The Appellant (Canara Bank) is directed to supply the email addresses and WhatsApp numbers of the Respondents and to ensure service of notice via these electronic modes within one week from the order date. The Appellant must also serve the Respondents by Registered Post/Speed Post within the same one-week period. The appeals have been listed for the next hearing on 7 September 2026.
Topics: Insolvency, Banking Litigation