Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 24 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 291/2026. The appeal has been filed by GV Krishna Reddy, suspended director of Kallam Textiles Ltd., along with another appellant, against Union Bank of India (Respondent 1) and another respondent. The matter involves interim applications numbered IA Nos. 821 and 990 of 2026. The tribunal bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Representation included Mr. P. Kamalhasan, Advocate for the appellants; Mr. Sankaranarayanan, Senior Advocate with Mr. Peri Rama Krishna, Advocate for Respondent 1 (Union Bank of India); and Mr. M. Maharshi Viswaraj, Advocate for Respondent 2.
Final Outcome
The tribunal has listed this appeal for hearing on 25 September 2026. The interim order currently in place will continue to operate until the next date of listing, thereby maintaining the status quo in the matter.
Topics: Insolvency Appeal, Interim Order, Corporate Litigation