Canara Bank Wins Stay on NCLAT Order

Authority: Supreme Court of India

Order Date: 10-07-2026

Parties: Appellant – CANARA BANK MID CORPORATE BRANCH; Respondent – REGIONAL P.F COMMISSIONER & ANR.
Proceedings: Civil Appeal No(s). 8740/2026, heard on 10 July 2026 before a Partial Court Working Days Bench comprising Hon'ble Mr. Justice Manoj Misra and Hon'ble Mr. Justice Shree Chandrashekhar.
Counsel for Appellant: Mr. Hitesh Sachar, Adv. Ms. Prachie Jain, Adv. Ms. Rifat Tauhid, Adv. Ms. Deb Deepa Majumdar, AOR.
Counsel for Respondent: Not listed in the record.
Related IA Applications: IA No. 186611/2026 (Appropriate Orders/Directions), IA No. 186605/2026 (Permission to File Additional Documents/Facts/Annexures), IA No. 186600/2026 (Stay Application).
Background: The appeal challenges the order dated 24.04.2026 passed by the National Company Law Appellate Tribunal (NCLAT) in Company Law (AT) (Nis.) No.840 of 2023.

The Court ordered that a notice be issued, returnable within four weeks.
The operation of the NCLAT order dated 24 April 2026 (Company Law AT No.840 of 2023) shall remain stayed pending further proceedings.
The order was digitally signed by Court Master Priyanka Malik on 10 July 2026 at 15:12:47 IST (signature not verified).

Topics: Legal Stay, Banking Regulation