Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))

Order Date: 05 August 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected Company Appeals filed under the Insolvency and Bankruptcy Code:

  • Company Appeal (AT) (CH) (Ins) No. 175/2026 (Nagaraj CM vs. Sir M. Visvesvaraya Co-operative Bank Ltd)
  • Company Appeal (AT) (CH) (Ins) No. 157/2026 (Nagaraj CM vs. Sir M. Visvesvaraya Co-operative Bank Ltd)
  • Company Appeal (AT) (CH) (Ins) No. 88/2026 (Arun Kumar HP vs. Sir M. Visvesvaraya Co-operative Bank Ltd)

All appeals involve individual appellants challenging proceedings related to Sir M. Visvesvaraya Co-operative Bank Ltd. The respondent bank was represented by Mr. Rishi Srinivas G, Advocate. The counsel for the respondent indicated that they would contest the appeals primarily based on the documents already available before the Adjudicating Authority. The respondent's counsel specifically sought leave from the Tribunal to file the written submission of the Resolution Professional (RP) that had been previously filed before the Adjudicating Authority.

Final Outcome

The NCLAT bench granted leave for the respondent to file the Resolution Professional's written submissions. The Tribunal directed both parties to submit their notes of submission and adjourned the matters for final hearing on 30 September 2026. This represents a procedural adjournment rather than a substantive decision on the merits of the insolvency appeals.

Topics: Insolvency Appeals, Cooperative Bank, NCLAT Procedure