Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 30 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed an appeal filed by Canara Bank, represented by its Chief Manager, against R. Aravindakshan Nair, who is serving as the Liquidator of Lakeview Ayurvedic Resorts and Research Centre Pvt. Ltd. The appeal is registered as Company Appeal (AT) (CH) (Ins) No. 30/2024 with connected Interlocutory Applications IA Nos. 97/2024 and 293/2025. The matter involves insolvency proceedings, specifically challenging some aspect of the liquidation process of Lakeview Ayurvedic Resorts and Research Centre Pvt. Ltd. The appellant bank was represented by Advocate Mr. Akhil Suresh, while the respondent liquidator was represented by Advocate Mr. Nithish Balaji for Mr. Jerin Asher Sojan. The order was passed in hybrid mode by a bench consisting of Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The NCLAT bench has directed that the appeal be listed for admission hearing (after notice) on 27 July 2026. This means the tribunal will consider whether to formally admit the appeal for hearing on its merits at the next scheduled date.
Topics: Insolvency, Banking Litigation