Authority: National Company Law Appellate Tribunal at Chennai
Order Date: 16.07.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 13/2025. The appeal involves IDBI Bank Ltd. as the appellant versus Central Bank of India and another party as respondents. The matter was listed for hearing with legal representation from both sides: Mr. Varun Srinivasan for the appellant, and Mr. SR. Raghunathan and Mr. P. Prashanth for the first respondent (Central Bank of India). An intervenor was also represented by Mr. Rohan Rajasekaran.
The order states that the hearing could not proceed to judgment because one of the judicial members (Member (Judicial)) is on transfer to the Principal Bench of the Appellate Tribunal. Additionally, due to paucity of time, the judgment in this matter could not be dictated.
Final Outcome
The bench, comprising Justice Sharad Kumar Sharma (Member (Judicial)) and Jatindranath Swain (Member (Technical)), released the matter to be listed before a regular bench. The appeal is now scheduled to be listed on 16.09.2026. The order specifically directs that if any interim order is currently operating in this company appeal, it shall continue to operate until the next date of listing.
Topics: NCLAT Proceeding, Banking Dispute, Case Adjournment