Authority: National Company Law Appellate Tribunal, Chennai Bench

Order Date: 05 August 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected Company Appeals filed against Sir M. Visvesvaraya Co-operative Bank Ltd. The appeals are:

  • 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)

Representation included Ms. Ayusshi Agarwal (for Mr. Pranava V Shankar) for appellant Nagaraj CM, Mr. R. Shravan (for Mr. S. Vivekananda) for appellant Arun Kumar HP, and Mr. Rishi Srinivas G for the respondent bank. The respondent's counsel indicated they would contest the appeals based on documents previously available before the Adjudicating Authority and sought leave to file the written submission of the Resolution Professional (RP) that had been filed before the Adjudicating Authority.

Final Outcome

The Bench comprising Justice N Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) directed both sides to submit their notes of submission and adjourned the matters for final hearing on 30 September 2026. No substantive rulings on the merits of the appeals were made in this procedural order.

Topics: Insolvency Appeals, Cooperative Bank, NCLAT Procedure