Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, Appellate Jurisdiction
Bench: Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 01 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard three interconnected Company Appeals filed against Canara Bank and other respondents. The appellants are 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 appeals list Canara Bank & 3 Others as respondents, with Mr. Ravindra Beleyur identified as the Resolution Professional (RP) for the fourth respondent (the corporate debtor). The appellants were represented by Senior Advocate Mr. P.H. Arvindh Pandian, assisted by Advocate Mr. Aravind Reddy H. The respondents (R1 to R3) were represented by Advocate Mr. Pranava Charan.
The nature of the proceedings involves challenges to an order or process related to the corporate insolvency resolution process of a debtor company, where Canara Bank is a key financial creditor. The appeals were accompanied by Interlocutory Applications (IAs), with each appeal having four associated IAs (IA Nos. 1014-1017/2026, 1018-1021/2026, and 1023-1026/2026 respectively).
Final Outcome
The Tribunal adjourned the hearing of all three appeals and listed them next on 08 September 2026 at 12:45 PM. The bench explicitly ordered that the existing interim order, which provides some form of temporary relief to the appellants, shall continue to remain in operation until the next date of hearing. This is a procedural order maintaining the status quo.
Topics: Insolvency Appeal, Interim Order, Corporate Debtor