Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 30 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has reserved its orders in three interconnected Company Appeals. The appeals were filed by three individual appellants: Nuzhat Aisha Naseer (Company Appeal (AT) (CH) (Ins) No. 360/2026), Awaiz Ahmed (Company Appeal (AT) (CH) (Ins) No. 361/2026), and Naseer Ahmed (Company Appeal (AT) (CH) (Ins) No. 363/2026). All three appellants are challenging an order or proceedings involving Canara Bank (Respondent 1) and a Resolution Professional, Mr. Ravindra Beleyur (Respondent 4). The appeals were heard together by a bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Legal representation for the appellants was led by Mr. P.H. Arvindh Pandian, Senior Advocate, assisted by Mr. Aravind Reddy H, Advocate. The respondents, Canara Bank and others (R1 to R3), were represented by Mr. Pranava Charan, Advocate. The Resolution Professional, Mr. Ravindra Beleyur (R4), appeared in person.
Final Outcome
The final orders in all three appeals have been reserved by the NCLAT bench. The tribunal will pronounce its decision at a later date, which will determine whether the appeals are allowed or dismissed and what consequential directions, if any, will be issued regarding the underlying NCLT order being challenged.
Topics: NCLAT, Corporate Insolvency, Banking