Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 29 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected Company Appeals filed against Canara Bank and three other respondents. The appeals are numbered Company Appeal (AT) (CH) (Ins) No. 360/2026, 361/2026, and 363/2026. The appellants in these cases are Nuzhat Aisha Naseer, Awaiz Ahmed, and Naseer Ahmed respectively. The common respondents across all appeals are Canara Bank (Respondent 1), two other unidentified respondents (R2 and R3), and Mr. Ravindra Beleyur, who appears to be the Resolution Professional (RP) for Respondent 4. The appellants were represented by Senior Advocate Mr. P.H. Arvindh Pandian, while the respondents were represented by Mr. Pranava Charan for R1 to R3 and Mr. Ravindra Beleyur for R4.
The Tribunal heard arguments from the appellants' side in full but adjourned the matter before hearing the respondents' arguments. The nature of the dispute appears to be an insolvency matter challenging a lower court order, though the specific allegations or legal questions are not detailed in this procedural order.
Final Outcome
The NCLAT adjourned the hearing of all three appeals to October 6, 2026, at 2 PM. The Tribunal directed that the respondents will be given 30 minutes to present their arguments during the next hearing. The interim order, which appears to provide some temporary relief to the appellants, was extended until the next date of listing. The bench comprised Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical).
Topics: Insolvency Appeals, Banking Dispute, NCLAT Proceedings