Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 06.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard procedural matters in Company Appeal (AT) (CH) (Ins) No. 378/2026 between Madurai Tuticorin Expressways Limited (Appellant) and Canara Bank (Respondent). The appeal arises from insolvency proceedings, though the specific nature of the underlying dispute is not detailed in this procedural order. Three interlocutory applications were filed: IA Nos. 1080, 1081, and 1082 of 2026.
The tribunal addressed IA No. 1082/2026, an application seeking condonation of delay in refiling documents. While the application cited a 21-day delay, the registry calculated the delay as 20 days. The bench, comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical), found the reasons stated in paragraphs iii and iv of the application satisfactory for condoning the delay.
Regarding IA No. 1081/2026, the tribunal issued a notice order, meaning the application will be formally served to the respondent for response. The matter involving IA No. 1080/2026 was not specifically addressed in this order.
Final Outcome
The NCLAT condoned the 20-day refiling delay in IA No. 1082/2026. The tribunal scheduled the next hearing for October 1, 2026, to further address the pending applications and the main appeal.
Topics: Insolvency Appeal, Procedural Delay, Banking Dispute