Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 16 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected insolvency appeals filed by Bank of Baroda through its Stressed Assets Management Branch. The appeals are numbered Company Appeal (AT) (CH) (Ins) No. 371/2024 (with IA No. 1227/2024) and Company Appeal (AT) (CH) (Ins) No. 372/2024 (with IA Nos. 1018/2024 & 1223/2024).
In Appeal No. 371/2024, the appellant is Bank of Baroda and the respondents are Mr. Ramamoorthi Srinivasan (Resolution Professional of Personal Guarantor C. Shivakumar Reddy) and another respondent. In Appeal No. 372/2024, the appellant is Bank of Baroda and the respondents are C. Shivakumar Reddy and another respondent.
During the hearing, Mr. Mohammed Umar, Advocate (appearing for Mr. B. Dhanaraj, Advocate) represented the Bank of Baroda. There was no appearance from the respondents in either appeal. The matter was heard in hybrid mode.
Final Outcome
The NCLAT bench adjourned both appeals and listed them for next hearing on 14 December 2026. No substantive hearing or decision on merits took place during this proceeding.
Topics: Insolvency Proceedings, Banking Litigation, NCLAT Adjournment