Authority: National Company Law Appellate Tribunal, Chennai (Justice Sharad Kumar Sharma, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: October 8, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Chennai heard five connected appeals filed by Canbank Factors Ltd against orders passed by the adjudicating authority in insolvency proceedings against personal guarantors of M/s. Vensa Laboratories Pvt Ltd. The appeals are numbered Company Appeal (AT) (CH) (Ins) No. 636/2025, 637/2025, 638/2025, 639/2025, and 640/2025.
In all five appeals, Canbank Factors Ltd is the appellant challenging orders related to the following personal guarantors of Vensa Laboratories Pvt Ltd:
- J Krishna Rao (Appeal No. 636/2025)
- K Hanumantha Rao (Appeal No. 637/2025)
- K Raj Gopal Rao (Appeal No. 638/2025)
- D Rama Linga Raju (Appeal No. 639/2025)
- V Nageswara Rao (Appeal No. 640/2025)
During the hearing, Mr. V. Arvind Rajagopal, Advocate appeared for the appellant Canbank Factors Ltd. None of the five respondent personal guarantors appeared or were represented before the tribunal.
Final Outcome
The NCLAT bench adjourned all five connected appeals and listed the matters for the next hearing on November 19, 2026. The order did not contain any substantive rulings on the merits of the appeals but merely scheduled the next hearing date.
Topics: Insolvency Proceedings, Guarantor Liability, Legal Adjournment