Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 01 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected Company Appeals filed under the Insolvency and Bankruptcy framework. The appeals are numbered Company Appeal (AT) (CH) (Ins) No. 360/2026 (with IAs 1014-1017/2026), 361/2026 (with IAs 1018-1021/2026), and 363/2026 (with IAs 1023-1026/2026).
The appellants in these cases are Nuzhat Aisha Naseer (Appeal 360/2026), Awaiz Ahmed (Appeal 361/2026), and Naseer Ahmed (Appeal 363/2026). The common respondents in all three appeals are Canara Bank (Respondent 1) and three other parties (Respondents 2-4), with Mr. Ravindra Beleyur appearing in his capacity as the Resolution Professional (RP) for Respondent 4.
Legal representation was noted with Mr. P.H. Arvindh Pandian, Senior Advocate (assisted by Mr. Aravind Reddy H, Advocate) appearing for all appellants. Mr. Pranava Charan, Advocate represented Respondents 1 to 3 across all appeals.
The order does not detail the specific nature of the underlying insolvency dispute or the grounds of appeal, focusing instead on procedural management.
Final Outcome
The NCLAT bench adjourned the hearing of all three appeals to the next date of hearing scheduled for 08 September 2026 at 12:45 PM. The tribunal specifically ordered that the interim order currently in operation shall continue until the next date of hearing. The order was passed in hybrid mode.
Topics: Insolvency Appeals, Banking Dispute, NCLAT Proceedings