NCLAT Adjourns Vantage Machine Tools Insolvency Appeal

Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)

Order Date: November 6, 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 344/2025. The appeal involves Immaneni Eswara Rao, described as the Erstwhile Resolution Professional (RP) of Vantage Machine Tools Pvt. Ltd., as the Appellant. The Respondents are Canara Bank (R1) and another unnamed party (Anr.). During the hearing, there was no appearance for the Appellant, while Mr. ML. Ganesh, Advocate, represented the first respondent, Canara Bank.

Final Outcome

The bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) ordered that the appeal be listed for hearing on January 19, 2027, under the caption 'For Hearing'. The order was passed in hybrid mode, indicating the matter was heard through both physical and virtual means.

Topics: Insolvency Appeal, Adjournment, Corporate Litigation