Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, Appellate Jurisdiction

Order Date: October 6, 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected Company Appeals filed against Canara Bank and other respondents. The appeals are:

  • Company Appeal (AT) (CH) (Ins) No. 360/2026 (with IA Nos. 1014, 1015, 1016 & 1017/2026) filed by appellant Nuzhat Aisha Naseer
  • Company Appeal (AT) (CH) (Ins) No. 361/2026 (with IA Nos. 1018, 1019, 1020 & 1021/2026) filed by appellant Awaiz Ahmed
  • Company Appeal (AT) (CH) (Ins) No. 363/2026 (with IA Nos. 1023, 1024, 1025 & 1026/2026) filed by appellant Naseer Ahmed

All three appeals list Canara Bank & 3 Others as respondents. The fourth respondent in each case is Mr. Ravindra Beleyur, who appears in his capacity as the Resolution Professional (RP).

Legal representation for the appellants across all three appeals was provided by Mr. P.H. Arvindh Pandian, Senior Advocate, assisted by Mr. Aravind Reddy H, Advocate. The respondents (R1 to R3) were represented by Mr. Pranava Charan, Advocate, while Mr. Ravindra Beleyur appeared in person as the Resolution Professional (R4).

The nature of the proceedings involves insolvency matters, indicating that these appeals challenge an order passed by the National Company Law Tribunal (NCLT) in a corporate insolvency resolution process where Canara Bank is likely the financial creditor.

Final Outcome

The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned all three appeals and listed them for hearing on October 30, 2026, immediately after admission. The Tribunal further ordered that any interim order(s) previously granted in these matters shall continue to operate until the next date of listing. This is a procedural order that maintains the status quo while postponing substantive hearing of the appeals.

Topics: Insolvency Appeals, Banking Dispute, NCLAT Proceedings