Authority: National Company Law Appellate Tribunal, Chennai
Order Date: June 12, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard a procedural update in Company Appeal (AT) (CH) (Ins) No. 291/2026. The appellants are GV Krishna Reddy (Suspended Director of Kallam Textiles Ltd.) and another party, who are appealing against respondents Union Bank of India and another party. The matter appears to relate to insolvency proceedings concerning Kallam Textiles Ltd.
During the hearing, learned counsel for the appellant submitted that all defects in the appeal filing had been rectified. Counsel for the second respondent was present in the hearing. The bench, comprising Justice Yogesh Khanna (Member - Judicial) and Jatindranath Swain (Member - Technical), did not address any substantive legal arguments or merits of the case during this session.
Final Outcome
The tribunal adjourned the matter and listed it for hearing on June 16, 2026. No substantive rulings, penalties, or decisions on the merits of the case were issued in this order.
Topics: Insolvency Appeal, Textile Company, Banking Dispute