Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: September 30, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three connected insolvency appeals involving Sir M. Visvesvaraya Co-operative Bank Ltd as the respondent. The appeals were filed by individual appellants Nagaraj CM (in two separate appeals: Company Appeal (AT) (CH) (Ins) No.175/2026 and No.157/2026) and Arun Kumar HP (in Company Appeal (AT) (CH) (Ins) No.88/2026). The nature of the proceedings involves insolvency matters, though the specific allegations or disputes are not detailed in this procedural order. The respondent bank was represented by advocate Ms. T. Poornima Devi in all three cases. Notably, none of the appellants appeared for the hearing on September 30, 2026.
Final Outcome
The NCLAT bench adjourned all three appeals and listed them for the next hearing on December 14, 2026. No substantive rulings, decisions on merits, or directions were issued in this order, which served purely as a procedural adjournment due to the non-appearance of the appellants.
Topics: NCLAT Proceedings, Banking Disputes, Insolvency Appeals