Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 28 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected insolvency appeals. The appeals were filed by individuals Madhusudan Khemka (Company Appeal (AT) (CH) (Ins) No. 192/2026) and R. Sundaresh (Company Appeal (AT) (CH) (Ins) No. 193/2026) against Canara Bank and another respondent. The appeals challenge orders related to insolvency proceedings where Canara Bank is involved as a financial creditor or other party. The nature of the underlying dispute and specific allegations are not detailed in this procedural order.
Final Outcome
The tribunal has listed both appeals for hearing on 30 September 2026 under the caption 'For Hearing (Part Heard).' The bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) directed that any interim orders previously granted in these matters shall continue to remain in effect until the next hearing date. This is a scheduling order that advances the procedural timeline of the appeals without addressing the substantive merits of the cases.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings