Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 28 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected insolvency appeals. The appellant in both cases is Canara Bank, a public sector bank. The respondents are two private companies: M/s. Vantage Machine Tools Private Limited (Company Appeal No.152/2022) and M/s. Vijaya Durga Green Fields Private Limited (Company Appeal No.154/2022).
The appeals fall under the appellate jurisdiction of the NCLAT concerning insolvency matters (Ins). Both appeals have interim applications pending (IA No.357/2022 and IA No.360/2022 respectively). The order was passed by a bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical). The advocates on record are Mr. M.L. Ganesh for the appellant (Canara Bank) and Mr. Avinash Krishnan Ravi for the respondents.
The order is purely administrative and does not contain any discussion of the factual background of the disputes, the grounds of appeal, or the merits of the cases. No allegations, legal questions, or observations from the bench are recorded in this particular order.
Final Outcome
The NCLAT bench ordered that both appeals be listed for hearing on the next date, which is 29 October 2026. No penalties, settlements, approvals, or dismissals were issued. The order is a routine adjournment, and the substantive hearing of the appeals is scheduled for a future date.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Procedure