Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
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, bearing numbers Company Appeal (AT) (CH) (Ins) No. 360/2026, 361/2026, and 363/2026, are insolvency-related matters. The appellants are Nuzhat Aisha Naseer (in Appeal 360), Awaiz Ahmed (in Appeal 361), and Naseer Ahmed (in Appeal 363). The common respondents in all three appeals are Canara Bank (R1 to R3) and Mr. Ravindra Beleyur, who is the Resolution Professional (R4). The appellants were represented by Senior Advocate Mr. P.H. Arvindh Pandian, assisted by Mr. Aravind Reddy H. The respondents were represented by Mr. Pranava Charan for Canara Bank (R1 to R3) and by Mr. Ravindra Beleyur for himself in his capacity as the Resolution Professional.
The Tribunal heard the arguments of the appellants in full but did not hear the respondents' arguments. The nature of the dispute or the specific grounds of appeal against the insolvency proceedings involving Canara Bank are not detailed in this procedural order.
Final Outcome
The NCLAT adjourned the hearing of all three appeals to the next date of listing, which is 06 October 2026 at 2 PM. The Tribunal directed that the respondents will be given 30 minutes to present their arguments during that hearing. Furthermore, the Bench, comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical), ordered that the existing interim order shall continue to remain in force until the next date of hearing.
Topics: Insolvency Appeal, Interim Relief