Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 30 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard an interlocutory application (IA No. 1187/2026) filed by Canara Bank, ARM Branch (Appellant) in Company Appeal (AT) (CH) (Ins) No. 418/2026. The appeal is against respondent K.S. Raju. The specific application sought condonation of a 4-day delay in refiling documents for the appeal.
Final Outcome
The NCLAT bench condoned the 4-day delay in refiling, allowing IA No. 1187/2026. The appellant's counsel then requested additional time to file a better synopsis for the case. The tribunal granted this request and adjourned the matter, listing the appeal for the next hearing on 17 November 2026.
Topics: Banking Litigation, NCLAT Proceedings