Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 05 November 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected appeals. The appeals are Company Appeal (AT) (CH) (Ins) No.26/2026, filed by appellant M. Shanmugam against respondents Tamilnad Mercantile Bank Limited & Another, and Company Appeal (AT) (CH) (Ins) No.27/2026, filed by appellant S. Chandra against the same respondents. The appeals were heard in hybrid mode. The legal representation included Ms. Raveena Paniker and Mr. Vivek Kumar, Advocates for the Appellants; Mr. AG Sathyanarayana, Advocate for Respondent 1 (Tamilnad Mercantile Bank Limited); and Ms. Pavithra Dayalan, Advocate for Respondent 2.
Final Outcome
The Tribunal listed both appeals for further hearing on 10 December 2026 under the caption 'For Orders'. It directed that the existing interim order, the specifics of which are not detailed in this excerpt, will continue to remain in force until the next date of listing.
Topics: NCLAT Proceeding, Banking Litigation, Interim Order