Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 07 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing an appeal [TA (AT) No.166/2021, originally filed as Company Appeal (AT) (Ins) No.122/2020] filed by M.G.A. Abhimanyu Raja (Appellant) against Syndicate Bank (Respondent 1) and another respondent. The appeal challenges a Section 7 insolvency petition filed under the Insolvency and Bankruptcy Code. The matter is currently at the stage where the tribunal is considering Interlocutory Application No. 1106/2026 within the main appeal.
The core legal issue before the tribunal is whether the debt involved in the original Section 7 petition filed by Syndicate Bank is barred by limitation. This is the sole substantive issue requiring determination in the current proceedings.
Final Outcome
The NCLAT bench directed both parties to submit their written notes of submission on the limitation issue. The matter has been adjourned and listed for next hearing on 18 August 2026 for further consideration of the limitation question.
Topics: Insolvency Appeal, Debt Limitation, Banking Litigation