Authority: National Company Law Appellate Tribunal at Chennai
Order Date: September 7, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals involving Tamilnad Mercantile Bank Limited. The first appeal (Company Appeal (AT) (CH) (Ins) No.26/2026) was filed by appellant M. Shanmugam against Tamilnad Mercantile Bank Limited and another respondent. The second appeal (Company Appeal (AT) (CH) (Ins) No.27/2026) was filed by appellant S. Chandra against the same respondents. Both cases were heard together with their respective interlocutory applications (IA Nos. 1158/2026 and 1159/2026). The tribunal noted the presence of advocates for both parties - Ms. Raveena Paniker for the appellants, Mr. AG Sathyanarayana for respondent 1 (Tamilnad Mercantile Bank Limited), and Ms. Pavithra Dayalan for respondent 2.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member Judicial) and Jatindranath Swain (Member Technical) adjourned both appeals to September 29, 2026. The tribunal ordered that any interim orders previously granted in these matters would continue to remain in effect until the next hearing date. This is a procedural adjournment without any substantive decision on the merits of the appeals.
Topics: NCLAT Proceedings, Banking Dispute, Legal Adjournment