Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: June 12, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected insolvency appeals involving Canara Bank. Company Appeal (AT) (CH) (Ins) No.192/2026 was filed by appellant Madhusudan Khemka against respondents Canara Bank & Another. Company Appeal (AT) (CH) (Ins) No.193/2026 was filed by appellant R Sundaresh against the same respondents, Canara Bank & Another. Both appeals are being heard together. The proceedings represent appellate challenges to orders previously issued in matters involving Canara Bank.
During the hearing, counsel for Respondent No. 2 (likely the other respondent besides Canara Bank) requested additional time to formalize representation and prepare responses. The respondent's counsel committed to filing the Vakalatnama (document authorizing legal representation) within a day or two, and to submitting a comprehensive reply/counter to the appeals within two weeks from the order date.
Final Outcome
The NCLAT bench, comprising Justice Yogesh Khanna (Member-Judicial) and Jatindranath Swain (Member-Technical), granted the respondent's request for additional time. The tribunal ordered that any rejoinder by the appellants must be filed within two weeks after receiving the respondent's counter. Both appeals have been adjourned and are now scheduled for hearing on July 30, 2026. The order maintains the status quo until the next hearing date.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings