Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 30 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has before it two connected Company Appeals filed under its Appellate Jurisdiction. The first appeal, Company Appeal (AT) (CH) (Ins) No. 192/2026, has been filed by appellant Madhusudan Khemka against respondents Canara Bank and Another. The second connected appeal, Company Appeal (AT) (CH) (Ins) No. 193/2026, has been filed by appellant R. Sundaresh against the same respondents, Canara Bank and Another. The nature of the proceedings is an appeal against an order presumably passed by the National Company Law Tribunal (NCLT). The appeals were heard in hybrid mode. The legal representation for the appellants was led by Mr. PH Arvindh Pandian, Senior Advocate, assisted by Ms. J. Parimalam, Advocate. The first respondent, Canara Bank, was represented by Mr. MS. Viswanathan and Mr. Sanjay K, Advocates. The second respondent was represented by Mr. H Karthik Seshadri, Advocate.
Final Outcome
The two-member bench, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical), did not pass a final order on the merits of the case. The bench listed both appeals for the next hearing on 8th October 2026. The Tribunal specifically directed that these appeals should be listed immediately after the admission matters on that date. Furthermore, the bench ordered that any interim order(s) already granted in the matter shall continue to remain in force until the next date of hearing.
Topics: NCLAT, Insolvency Appeal, Banking