Authority: National Company Law Appellate Tribunal, Chennai (Justice Sharad Kumar Sharma - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 08 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected appeals filed against Canara Bank. Company Appeal (AT) (CH) (Ins) No. 192/2026 was filed by Madhusudan Khemka as appellant against Canara Bank (Respondent 1) and another respondent. Company Appeal (AT) (CH) (Ins) No. 193/2026 was filed by R. Sundaresh as appellant against the same respondents. The nature of the proceedings involves insolvency matters, indicating the appeals challenge some aspect of insolvency proceedings initiated by or involving Canara Bank.
Final Outcome
The NCLAT bench listed both appeals for next hearing on 03 November 2026. The tribunal ordered that any interim order previously granted in these matters would continue to remain in effect until the next date of listing. This is a procedural order that maintains the status quo while adjourning the substantive hearing of the appeals.
Topics: Insolvency Proceedings, Banking Litigation