Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 03 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 498/2025. The appellant is Jenson Paul, the Suspended Director of Euro Tech Maritime Academy Pvt Ltd. The respondents are Axis Bank Ltd (R1) and an unnamed Resolution Professional (R2). The matter appears to relate to corporate insolvency proceedings given the case numbering and parties involved. The hearing was conducted in hybrid mode.
During the proceedings, the representing counsel for the appellant requested an adjournment due to the non-availability of the arguing counsel. The respondents' counsel, representing both Axis Bank Ltd and the Resolution Professional, did not oppose this request for adjournment.
Final Outcome
The bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical) granted the adjournment request. The company appeal has been rescheduled and listed for hearing on 31 August 2026.
Topics: Insolvency Appeal, Adjournment, Corporate Litigation