Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 06 November 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing three connected appeals filed by Karnataka State Cooperative Apex Bank Ltd. The appeals are numbered Company Appeal (AT) (CH) (Ins) No.490/2026 (with IA No. 1390/2026), Company Appeal (AT) (CH) (Ins) No.491/2026 (with IA No. 1391/2026), and Company Appeal (AT) (CH) (Ins) No.492/2026 (with IA No. 1392/2026).
The appellant, Karnataka State Cooperative Apex Bank Ltd, has filed these appeals against three different sets of respondents:
- In Appeal No.490/2026: Against Ramesh L Jarkiholi & Another
- In Appeal No.491/2026: Against Shankar A Povade & Another
- In Appeal No.492/2026: Against Vasant V Patil & Another
The matters appear to be related to insolvency proceedings, as indicated by the "(Ins)" designation in the appeal numbers. The tribunal heard representation from Mr. Pranav Gopalakrishnan, Advocate, for the appellant bank.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) has listed all three appeals for the next hearing on 18 December 2026. The tribunal has ordered that the interim order previously granted in these matters will continue to remain in force until the next date of listing. This means the status quo or protective measures established by the earlier interim order will be maintained until the next hearing.
Topics: NCLAT Proceedings, Cooperative Bank Litigation, Interim Order