Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 July 2026
Case Overview
This is an appeal filed by Canara Bank (Appellant) against Narinder Kaur & Others (Respondents) in Company Appeal (AT) (Insolvency) No. 603 of 2026. The appeal pertains to proceedings before the Adjudicating Authority where orders were reserved in two related matters: IA(I.B.C)/119(CH)2026 and CP (IB) 11/CHD/PB/2026. The order dated 30 January 2026 was reserved but had not been delivered as of the hearing. On 09 April 2026, the NCLAT had previously observed that the appeal needed to be taken up after the reserved orders were delivered and placed before the tribunal, listing the matter for 11 May 2026. On 25 May 2026, the tribunal noted that no direction could be issued to the Adjudicating Authority regarding the pronouncement of the reserved order, and the appeal was listed for 17 July 2026. During the 17 July 2026 hearing, the respondent's counsel presented an order dated 01 July 2026, which showed that an application for early pronouncement of the reserved orders had been filed and disposed of with the observation that the order had already been drafted and would be pronounced at the earliest.
Final Outcome
The NCLAT bench, comprising Officiating Chairperson Justice Yogesh Khanna and Member (Technical) Barun Mitra, adjourned the appeal and listed it next for hearing on 25th August, 2026, pending the pronouncement of the reserved orders by the Adjudicating Authority.
Topics: Insolvency Appeal, Adjudication Process, Banking Litigation