Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 20th August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two interconnected appeals. The first appeal, Company Appeal (AT) (CH) (Ins) No. 308/2024, has been filed by Union Bank of India as the Appellant against Mr. P. Venkateswara Rao and 14 Other Respondents. The second appeal, Comp App (AT) (CH) (Ins) No.349/2024 (along with IA No. 956/2024), has been filed by Mr. P. Venkateswara Rao and 4 Other Appellants against Union Bank of India and 10 Other Respondents. The order does not provide details on the nature of the underlying dispute or proceedings.
Final Outcome
The Tribunal has listed both interconnected appeals for their next hearing on 17th November 2026. This is a procedural order for scheduling and does not constitute a ruling on the merits of either appeal.
Topics: NCLAT, Banking Litigation, Procedural Hearing